Business Lending
Strengthening Entrepreneurship in our community
Types of Loan Capital
Startup or Acquisition
Working Capital
Equipment
Commercial Real Estate
Debt Restructuring
Project Financing
Loan Size
Up to $100,000
Commercial Business Loans Up to $250,000
Rates
Fixed rate. 2% to 6% on top of WSJ Prime Rate.
Nimiipuu Fund offers the financial assistance needed to strengthen and sustain your entrepreneurial ventures within our community. Our mission is to empower individuals and businesses by offering expert guidance, financial assistance, and resources tailored to their unique needs.
Nimiipuu Fund operates uniquely, setting us apart from conventional lenders or banks. As a Native Community Development Financial Institution (CDFI) lender, we specialize in assisting higher-risk borrowers, extending our support to those who might not meet the criteria for traditional bank financing. Our approach is tailored to the specific requirements of our target market, and we are dedicated to collaborating closely with you. Our primary objective is to provide adaptable debt capital to fuel your startup or business expansion, enhancing the resilience of the tribal private sector.
In situations where your loan requirements exceed our scope, we can explore the possibility of connecting you with one of our trusted partners who might be better suited to fulfill your specific needs. Your financial success and growth are at the heart of what we do, and we are here to explore various avenues to assist you.
Application fee is $100, half due with application, half due at closing. Loan Origination Fee maximum of 1% at closing plus closing costs. Term is 6 to 60 months. Personal guarantees required of all owners of 20% or more, as needed to perfect collateral. Cosigners may be required to meet requirements. Nimiipuu Community Development Fund will secure available personal and business assets of borrower as collateral. 100% of Loan-to-Value. Fixed payments of principal and interest; interest-only payments of up to 3 months may be considered if supported by cash flow projections and risk profile is acceptable. Principal and interest payments may be flexible for seasonal businesses.
Loan Application Checklist
Collect these resources and take the first step towards realizing your dreams!
Startup Loans
Business Plan, Including Cash Flow Projections
ID's for Each Customer
Personal Federal Income Tax Returns – Last Two Years
Business Entity Paperwork, such as Articles of Incorporation or Organization (if available)
Existing Business Loans
ID's for Each Customer
Personal Federal Income Tax Returns – Last Two Years
Business Federal Income Tax Returns – Last Two Years
Balance Sheet and Profit & Loss Statement – Last Two Years
Current Year-to-Date Balance Sheet and Profit & Loss Statement
Business Entity Paperwork, such as Articles of Incorporation or Organization