Indian Loans_Economic Development


To provide assistance to Federally Recognized Indian Tribal Governments, Native American Organizations, and individual American Indians in obtaining financing from private sources to promote business development initiatives to improve the economies of Federally Recognized Indian Reservations.

General information about this opportunity
Last Known Status
Program Number
Federal Agency/Office
Agency: Department of the Interior
Office: Bureau of Indian Affairs
Type(s) of Assistance Offered
Program Accomplishments
Fiscal Year 2010: By regulation the program creates contributions to the economy of federally recognized reservations and service areas. Without consideration of the existence of an economic multiplier, the program creates economic activity on tribal reservations or service areas in an amount 13 of the appropriation expenditure. Fiscal Year 2011: Current Data Not Available. Fiscal Year 2012: Current Data Not Available.
Snyder Act of 1921, Public Law 67-85, 42 Stat. 208, 25 U.S.C. 13; Indian Reorganization Act of 1934, Section 10, Public Law 73-383, 48 Stat. 986, 25 U.S.C. 470; Public Law 93-262, 88 Stat. 77 through 83, 25 U.S.C. 1451; Indian Self-Determination and Education Assistance Act, Public Law 93-638, as amended, 25 U.S.C. 450 et seq.
Who is eligible to apply/benefit from this assistance?
Applicant Eligibility
Federally Recognized Indian Tribal Governments, Native American Organizations authorized by Indian tribal governments, and individual American Indians.
Beneficiary Eligibility
Federally Recognized Indian Tribal Governments, Native American Organizations, and individual American Indians or Alaska natives. Complete information on beneficiary eligibility is found in 25 CFR, Part 103.
Individual applicants must submit a certificate signed by Bureau Agency Superintendent or authorized Tribal representative that indicates the applicant is an enrolled member or registered with a Federally recognized Indian tribal government. Federally Recognized Indian Tribal Governments and Native American Organizations must submit a resolution of the governing body of the Indian Tribe. All applicants must demonstrate their inability to obtain financing through the same institutions serving other citizens. OMB Circular No. A-87 applies to this program.
What is the process for applying and being award this assistance?
Pre-Application Procedure
Preapplication coordination is not applicable. Environmental impact information is not required for this program. This program is excluded from coverage under E.O. 12372.
Application Procedure
OMB Circular No. A-102 applies to this program. This program is excluded from coverage under OMB Circular No. A-110. Applications for loan guarantees should be submitted by the lender at the local Indian Loan Guaranty Program Zone Office. Lenders should contact the local office for information on documentation needed to complete an application.
Award Procedure
Action approving or disapproving loans is taken at various levels pursuant to delegated authority. The local Indian Loan Guaranty Program Zone Office notifies applicants of action taken on applications.
Not Applicable.
Approval/Disapproval Decision Time
15 to 30 days depending upon completeness of loan package.
An unsuccessful applicant may request an informal conference with the deciding official, or may appeal the denial of the application by a Bureau of Indian Affairs official to the Interior Board of Indian Appeals, or may bring suit in U.S. District Court. Full appeal procedures are found in 25 CFR, Part 2.
Contact the headquarters or regional office.
How are proposals selected?
Economic enterprises must demonstrate a reasonable prospect for repayment, and be at least 51 percent Indian owned. Project must provide economic development to a federally recognized Indian reservation.
How may assistance be used?
Loans may be used to finance commercial, industrial, agricultural, or business activities, which benefit Federal Indian Reservation economies. Loan guarantees to private lenders will only be provided if funds otherwise would be unavailable to the borrower.
What are the requirements after being awarded this opportunity?
Program reports are not applicable. Cash reports are not applicable. Progress reports are not applicable. Lenders will submit quarterly reports on the status of loans to the Director of Indian Affairs Region in which the loan was made. Performance monitoring is not applicable.
In accordance with the provisions of OMB Circular No. A-133 (Revised, June 27, 2003), "Audits of States, Local Governments, and Non-Profit Organizations," nonfederal entities that expend financial assistance of $500,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Nonfederal entities that expend less than $500,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in Circular No. A-133. Federally Recognized Indian Tribal Governments, Native American Organizations, and tribal enterprises are responsible for obtaining audits.
Loan records must be maintained for the life of the loan.
Other Assistance Considerations
Formula and Matching Requirements
This program has no statutory formula.
Matching Requirements: The maximum percentage of guaranty is 90 percent of unpaid principal and interest. Borrower must have 20 percent equity in business being financed.
MOE requirements are not applicable to this program.
Length and Time Phasing of Assistance
Loan guarantees are limited to no more than 30 year terms. See the following for information on how assistance is awarded/released: Contact the headquarters or regional office for more information.
Who do I contact about this opportunity?
Regional or Local Office
See Regional Agency Offices. Lenders must submit applications to the local Indian Loan Guaranty Zone Office Appendix IV of the Catalog or with the Tribal Government administering the program.
Headquarters Office
Philip Viles, Office of Indian Energy and Economic Development, Assistant Secretary Indian Affairs, 1951 Constitution Ave, NW., MS-20-SIB, Washington, District of Columbia 20240 Phone: (202) 513-7683.
Website Address;
Financial Information
Account Identification
(Guaranteed/Insured Loans) FY 10 $127,911,381; FY 11 est $82,902,794; and FY 12 est $25,601,258 - The FY 2010 amount includes $38,000,000 in ARRA funding. Since the ARRA funding will no longer be available the maximum size loan guaranty will decrease to $25,000,000 or less.
Range and Average of Financial Assistance
For individuals and tribal enterprises, $150,000 to 10,500,000. For Federally Recognized Tribal Governments and Native American Organizations, $10,000,000 to $38,000,000.
Regulations, Guidelines and Literature
25 CFR 103.
Examples of Funded Projects
Fiscal Year 2010: One example is the financing of an air ambulance center that provides service to a tribal reservation. Fiscal Year 2011: No Current Data Available. Fiscal Year 2012: No Current Data Available.


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