We are a certified Native Community Development Financial Institution that offers affordable capital and flexible financing options to businesses of all sizes which are owned by, serving, and creating jobs for Native American people on and off the reservation. NADC offers small business loans and an equity-like loan product ranging from $1,000 – $250,000. The purpose of our work is to create jobs for Native American people and to help create and sustain Native-owned businesses in order to develop and strengthen Native American communities and economies.
Native Community Development Financial Institutions (NCDFI), were developed under the US Treasury’s CDFI Native Initiatives. The Native Initiatives are designed to overcome identified barriers to financial services in Native Communities. The initiatives seek to increase access to credit, capital and financial services in Native communities through the creation and expansion of CDFI’s primarily serving Native communities. NADC is a certified NCDFI, an entity that primarily serves a Native community (at least 50 percent of its activities are directed toward serving Native Americans, Alaska Natives and/or Native Hawaiians). As a NCFDI, NADC is dedicated to providing developmental services such as training and technical assistance in various types of financial services (financial literacy, checking, savings, consumer loans, business loans, housing loans, etc.) to members of Native communities.
The Native American CDFI Assistance (NACA) Program provides the vehicle through which established and emerging Native CDFIs can apply for financial and technical assistance, providing capacity building and technical assistance services for a variety of Native financial training initiatives. The NACA program grew out of a Congressional mandate in 1994 to study lending and investment practices on Indian reservations and other lands held in trust by the United States and the subsequent 2001 Native American Lending Study.
CDFI’s can be designed to be more flexible in meeting the needs of their clients in terms and collateral requirements. Native CDFIs then graduate their clients into regulated traditional financial institutions like banks.