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Finance

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A settlement between the state of Colorado and Kansas-based debt collector TrueAccord will refund $500,000 to borrowers who defaulted on loans issued by tribal lending entities. 

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The Cherokee Nation said it received a $500,000 grant from the Department of Agriculture’s Rural Development agency in support of Cherokee citizen-owned small businesses.

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The Navajo Nation said it received notice Friday that it was awarded $88.7 million through the Treasury's State Small Business Credit Initiative (SSBCI) program. 

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Here are 11 of our most-read Tribal Business News stories this year about access to capital in Indian Country. 

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New changes introduced by the Treasury’s Community Development Financial Institution (CDFI) Fund could “pose several challenges” for Native CDFIs, says Oweesta Corporation’s CEO Chrystel Cornelius. But there is also some upside, she adds. 

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Native Community Development Financial Institutions (CDFIs) are breathing a sigh of relief after the Treasury released long-awaited final revisions to the CDFI certification application late last week. 

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Officials from the United States Treasury plan to announce more than $86 million in State Small Business Credit Initiative (SSBCI) funding for two dozen tribal governments during the White House Tribal Nations Summit today.   

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Revised regulations to a law meant to assess and support banks in meeting the credit needs of the communities they serve could increase support for Native businesses, communities, and individuals. 

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Small Business Administration (SBA) lending to Native-owned companies has increased under the Biden administration, according to information the agency shared Friday with Tribal Business News.  

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Two prominent Indigenous venture capital funds on Saturday announced a new organization aimed at narrowing the gap between Native entrepreneurs and the capital sources that many other founders often take for granted.