Business Lending
Lending for the purpose of starting or growing reservation businesses is the heart of Lakota Funds' mission. We have several financing options to help aspiring or established entrepreneurs turn their ideas into reality. Lakota Funds wants to work with you to make your business a success. If you need assistance completing the loan application, please do not hesitate to contact us. We have qualified coaches on staff to walk you step-by-step through the loan process.
Savvy business owners borrow as little as possible and only when they are sure they are able to repay the loan. If you have a business idea or want to grow your existing business, you can choose from the following loan products. Lakota Funds can also package loans with off reservation banks for larger projects.
Download a loan application.
Micro Loans - $5,000 or less
Our Micro Loan is designed for the start-up or existing business that has minimal capital needs. The Micro Loan may be secured or unsecured.
Eligibility Guidelines:
- Loan applicant(s) must be an enrolled member(s), or enrollment pending, of the Oglala Sioux Tribe, be the spouse/partner of an enrolled member of the Oglala Sioux Tribe, or be an enrolled member of another federally recognized tribe.
- Loan applicant(s) must reside and base his/her business on the Pine Ridge Reservation or within 25 miles of the exterior boundaries of the Pine Ridge Reservation as recognized by the Oglala Sioux Tribe.
- Tribal business license required.
Requirements: Loan funds can be used to purchase inventory and materials; real estate purchase or renovation; working capital; and debt restructure.
Terms of Loan: Up to three years, payable monthly, with fixed interest rate between 11% and 13%.
Download a loan application.
Small Loans - $5,001-$25,000
The Small Loan is perfect for the serious start-up or existing business that has a substantial need for capital.
Eligibility Guidelines:
- Loan applicant(s) must be an enrolled member(s), or enrollment pending, of the Oglala Sioux Tribe, be the spouse/partner of an enrolled member of the Oglala Sioux Tribe, or be an enrolled member of another federally recognized tribe.
- Loan applicant(s) must reside and base his/her business on the Pine Ridge Reservation or within 25 miles of the exterior boundaries of the Pine Ridge Reservation as recognized by the Oglala Sioux Tribe.
- Tribal business license required.
- Business plan is required. If applicant is an existing business and can demonstrate three years of profitability with financial statements and tax returns, this requirement may be waived.
Requirements: Loan funds can be used to purchase inventory and materials; real estate purchase or renovation; working capital; and debt restructure. Loan to discounted collateral value ratio must be 50% or better.
Terms of Loan: Up to 15 years for real estate, up to 7 years for equipment, and up to 5 years for working capital. Fixed interest rate between 8% and 10%.
Download a loan application.
Business Loans - $25,001-$200,000
Our Business Loan is great for the existing business that is looking to reach new levels of success.
Eligibility Guidelines:
- Loan applicant(s) must be an enrolled member(s), or enrollment pending, of the Oglala Sioux Tribe, be the spouse/partner of an enrolled member of the Oglala Sioux Tribe, or be an enrolled member of another federally recognized tribe.
- Loan applicant(s) must reside and base his/her business on the Pine Ridge Reservation or within 25 miles of the exterior boundaries of the Pine Ridge Reservation as recognized by the Oglala Sioux Tribe.
- Tribal business license required.
- Business plan is required. If applicant is an existing business and can demonstrate three years of profitability with financial statements and tax returns, this requirement may be waived.
Requirements: Loan funds can be used to purchase inventory and materials; real estate purchase or renovation; working capital; and debt restructure. Loan to discounted collateral value ratio must be 50% or better.
Terms of Loan: Up to 15 years for real estate, up to 7 years for equipment, and up to 5 years for working capital. Fixed interest rate between 8% and 10%.
Download a loan application.
Business Line of Credit
If you’ve been in business for at least two years and need access to additional credit, our Business Line of Credit might be for you.
Eligibility Guidelines:
- Loan applicant(s) must be an enrolled member(s), or enrollment pending, of the Oglala Sioux Tribe, be the spouse/partner of an enrolled member of the Oglala Sioux Tribe, or be an enrolled member of another federally recognized tribe.
- Loan applicant(s) must reside and base his/her business on the Pine Ridge Reservation or within 25 miles of the exterior boundaries of the Pine Ridge Reservation as recognized by the Oglala Sioux Tribe.
- Tribal business license required.
- Business plan is required. If applicant is an existing business and can demonstrate three years of profitability with financial statements and tax returns, this requirement may be waived.
Requirements: Loan funds can be used to purchase inventory; finance receivables; working capital. Loan to discounted collateral value ratio must be 50% or better. For accounts receivable loans, amount is based on receivables of 30 days or less. Accounts receivables must equal 50% or more of loan amount on a discounted basis.
Terms of Loan: One year term. Interest rate is fixed at closing and is payable monthly. 1% of outstanding principal balance or $150, whichever is greater, due monthly; loan must be paid down to a zero balance at least once during the term. Interest rate between 8% and 15%.
Download a loan application.
