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Finance

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OKANOGAN, Wash. — When COVID-19 sounded alarm bells across the world last winter, photographer and small business owner Roxanne Best watched as her fledgling business suffered one lost gig after another.

Tawney Brunsch
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KYLE, S.D. — Like most Native lending institutions, Lakota Funds was boxed out of distributing federal small business loans to its clients based on criteria set by the government. 

Executive Director Tawney Brunsch (Oglala Sioux) knew the certified Native community development financial institution (CDFI) on the Pine Ridge Indian Reservation in South Dakota was still in a position to help clients get needed resources, so she got creative. 

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When many Native American entrepreneurs seek funding for a business venture, they often face an equity and lending structure that was not designed for them. 

Kani
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CEDAR CITY, Utah — Tribally owned CBC Mortgage Agency has launched a new initiative aimed at helping more Native Americans in urban areas to become homeowners. 

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As the federal government’s Paycheck Protection Program rolled out its second round of loans this week, some Native financial institutions worry they may still be boxed out of their own market.

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WASHINGTON, D.C. — A Native community development financial institution executive was among 16 leaders to join in a discussion with President-elect Joe Biden’s incoming team at the Department of the Treasury.

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LONGMONT, Colo. — Twenty-five Native community development financial institutions (CDFIs) will split $1.25 million in grant funding aimed at providing help to Native businesses that have been negatively affected by the COVID-19 pandemic. 

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The Native CDFI Network has announced a partnership with the Intertribal Agriculture Council to help its member community development financial institutions more effectively provide capital to Native producers and suppliers.

Jackson Brossy
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In proposing changes to a key bank regulation, the Federal Reserve Board wants to improve the flow of capital to low- and moderate-income communities and Indian Country.

Victor Flores
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EDMOND, Okla. — A national accounting firm with a significant tribal practice has opened a new office in Oklahoma to better serve the state’s 38 American Indian tribes.