As one of the most under-served demographics of the United States, we believe the Native American people are long over-due to take their rightful place in American business. Because of that, we’ve collected a wealth of resources for those of Native American descent that either already own or are wanting to start a business in the US in order to help bring attention to the resources that are already available. Additionally, Commercial Loan Direct will offer a 50% origination fee reduction* on any loan program we offer so long as the borrower/business is 51%+ owned by an individual that can prove Native American heritage.
Summary of Federal Loan Programs & Business Resources for Native Americans
Small Business Administration (SBA) - Resources for American Indians, Alaska Natives, and Native Hawaiians
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SBA 8(a) Business Development Program for Federal Contracting Assistance
Department of Interior Bureau of Indian Affairs (BIA) - Opportunities regarding job training, education, and employment for members of federally recognized tribes
US Department of Agriculture (USDA)
Department of Commerce (USDC)
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Minority Business Development Agency (MBDA) – promotes growth and expansion of minority businesses with management and technical assistance
Federal Housing Authority (FHA) Department of Housing and Urban Development (HUD)
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Title VI Loan Guarantee for Affordable Housing
US Senate Committee on Indian Affairs
National Congress of American Indians (NCAI) - founded in 1944, NCAI is the oldest, largest and most representative American Indian and Alaska Native organization serving the broad interests of tribal governments and communities
* Borrower/business must qualify for the loan program by meeting the underwriting standards provided by that particular program. This fee reduction applies only to Commercial Loan Direct’s origination fee; it does not apply to any other fees charged by the applicable programs or funding lenders.
