For-profit and non-profit enterprises at least 51% owned and operated by Alaska Natives, American Indians, ANCSA corporations, and tribal entities recognized by federal statutes are eligible. Must actively operate the business on a day-to-day basis and invest 20% of its own resources in it. Applicant must furnish information on the number of jobs to be created and/or sustained and the number of jobs for Native Americans as well as secure a commitment for financing from a bank. Loan guarantees of up to $500,000 for individual Natives, and the program can guarantee loans of greater amounts for tribes, tribal enterprises, and ANCSA corporations. 80% and 90% guarantees are offered on commercial bank loans.
Contact Information
Office of Indian Energy and Economic Development
U.S. Department of the Interior
1011 East Tudor Rd., Suite 153
Anchorage, AK 99503
Phone: (907) 271-4018 or (800) 645-8465 x3x4
Fax: (907) 271-4015
