Federally Recognized Indian Tribal Governments and Native American Organizations must submit a resolution of the governing body of the Indian Tribe. All applicants must demonstrate their inability to obtain financing through the same institutions serving other citizens. This program is excluded from coverage under E.O. 12372. Applications for loan guarantees should be submitted by the lender at the local Bureau of Indian Affairs Agency or Tribal Loan Administration Office. Lenders should contact the local office for information on documentation needed to complete an application.
Action approving or disapproving loans is taken at various levels pursuant to delegated authority.
The Bureau of Indian Affairs Regional or Field Office or Tribal Loan Administration Office notifies applicants of action taken on applications. An unsuccessful applicant may request an informal conference with the deciding official, or may appeal the denial of the application to the Interior Board of Indian Appeals, or may bring suit in U.S. District Court. Full appeal procedures are found in 25 CFR, Part 2. Economic enterprises must demonstrate a reasonable prospect for repayment, must be organized for profit, and be at least 51 percent Indian owned and actively managed. Project must be on or near a federally recognized Indian Reservation.