Business Loans
Nimiipuu Fund is not a traditional lender or bank. We are Native CDFI lender who is able to work with higher-risk borrowers, including those who don't qualify for bank financing. We are adaptable to the needs of our target market and are here to work with you. Our goal is to provide flexible debt capital for your startup or business expansion to increases our resiliency for tribal private sector growth.
If your loan need is beyond what we can offer, we may be able to refer you to one of our partners.
Types of Loan Capital
Startup or Acquisition
Working Capital
Equipment
Commercial Real Estate
Debt Restructuring
Project Financing
Loan Size
$2,500 to $10,000 for startup businesses and $2,500 to $35,000 for existing businesses.
Rates
Fixed rate. 2% to 6% on top of WSJ Prime Rate.
Fees
Application Fee is $100, half due with application, half due at closing. Loan Origination Fee maximum of 1% at closing plus closing costs.
Term
6 to 60 months.
Security/Guarantees
PERSONAL GUARANTEE: Required of all owners of 20% or more, as needed to perfect collateral. Co-signers may be required to meet requirements.
COLLATERAL: NCDF will secure available personal and business assets of borrower as collateral. 100% of Loan-to-Value.
Repayment Frequency
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.