Native American Bank
Native American Bank assists Native American and Alaskan Native individuals, enterprises, and governments in reaching their goals by providing affordable and flexible banking and financial services. Native American Bank is strongly mission-aligned with schools serving Native communities and may opportunistically finance school facilities projects.
Open process / apply anytime
Loan size (range, $): $200K-$6M ($4M-$6M avg.)
Current portfolio: $128M; no schools to-date
Cost share (equity) required: Yes (20%)
Collateral required: No
Standard CDFI due diligence
In 2001, Native American Bank was established by 20 Tribal nations and Alaska Native Corporations seeking to create a national bank serving all Native people, communities, governments, and enterprises across the country.
Over the past five years, Native American Bank has made loans totaling $128 million to support projects with Native entrepreneurs, Tribes, Tribal Housing Authorities, and Alaska Native Corporations. Most financing has focused on economic development on Tribal lands, including construction of 1.1 million square feet of new facilities.
Native American Bank leverages several guarantee programs including from the Bureau of Indian Affairs and United States Department of Agriculture and is experienced working with Tribal and other private sector lending partners (including banks and CDFIs) on larger and more complex transactions.
Native American Bank has financed several community facilities on- and off-reservation. While schools have not been a core focus, Native American Bank will consider funding school facility projects.
Focus Areas:
Geographies: Nationwide, with a focus on Indian Country (95% of activity)
Sectors: Opportunistic across all sectors – agriculture, healthcare, education, retail; most of activity is with start-up ventures
Schools: Requires a loan guarantee if the project is part of a start-up; will review each project for expected growth/enrollment, community impact, team strength
N/A
Applicants should contact Native American Bank directly to apply. If all due diligence information is readily available Native American Bank seeks to close on loans in 30 days; larger and/or more complex transactions may take longer.