Through the Indian Loan Guarantee and Insurance Program (ILGP), our Division of Capital Investment (DCI) helps American Indian and Alaska Native (AI/AN) tribes and individuals overcome barriers to conventional financing and secure reasonable interest rates, while also reducing the risk to lenders by providing financial backing from the federal government.
Eligibility Information
For Lenders
Most lending institutions, including Community Development Financial Institutions, may obtain a guarantee or insurance, provided they regularly make and evaluate business loans. Credit unions are generally not eligible to become ILGP approved lenders. Non-bank lenders (such as insurance companies, leasing agencies, and private wealth funds) that otherwise meet ILGP’s standards are eligible to access guarantees, but not insurance since they are not financial institutions.
For Borrowers
To qualify for a loan through the program, you must be: an individual who is an enrolled member of a federally recognized American Indian and Alaska Native (AI/AN) tribe or group; a federally recognized AI/AN group; or a corporation, limited liability company or other business entity with no less than 51% ownership by federally recognized AI/AN individuals.
Borrowers must have at least 20% equity in the project being financed and the project must benefit the economy of a reservation or tribal service area. Loans may be used for a variety of purposes including operating capital, equipment purchases, acquisition and refinancing, building construction, and lines of credit.
What You Need to Know
Additional Information
Additional Resources
Contact Us
MIB-4138, 1849 C Street NW, mail stop 4132
Washington, DC 20240
