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Guaranteed Lending |
Bureau of Indian Affairs (“BIA”) loans are designed to provide financing for enterprises that contribute to the economy of a reservation or its members, and to stimulate and increase Indian entrepreneurship and employment. The program offers a guarantee to the lender of up to 90% of the outstanding loan balance, up to $5.5 million. Business and Applicant Qualifications. Eligible businesses must be at least 51% owned by a Federally-recognized tribe or Alaska Native group, or a member of such tribe or group, and the business must be located on or near a reservation or recognized service area. Waypoint Private Capital has extensive experience working with lenders and applicants to successfully secure BIA loans. |
