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Finance

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Tallsalt Advisors has formed a majority Native-owned joint venture with Derivative Logic to provide independent interest rate hedging advisory services for tribal governments, tribal enterprises, nonprofits and institutions, the firms announced.

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Difference Makers 3.0, a podcast partnership between Tribal Business News and the Native CDFI Network, will launch its new season Thursday, Feb. 12, expanding the series’ focus from small business lending into a broader examination of Native finance, policy, and impact.

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Senate Finance Committee ranking member Ron Wyden (D-Ore.) urged the Securities and Exchange Commission to consider delisting White River Energy Corp., accusing the company of repeatedly violating federal securities laws while concealing a federal criminal investigation tied to the sale of nonexistent “tribal tax credits.” 

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Jamul Indian Village Development Corporation has refinanced $425 million of senior secured debt tied to the Jamul Indian Village’s gaming and resort operations in San Diego County, according to transaction details released by the lead arranger.

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Turning Stone Resort Casino, LLC, a governmental instrumentality of the Oneida Indian Nation, has closed a $440 million senior secured revolving credit facility that will refinance existing debt and provide flexible capital to support a $370 million expansion of its flagship resort in Central New York.

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The Community Development Financial Institutions Fund on Dec. 23 awarded $10 billion in New Markets Tax Credits to 142 organizations for 2024-2025, including nine organizations that committed to investing in Native areas.

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Impact investor Mission Driven Finance has closed $1.2 million in financing connected to New Mexico, with loans to four businesses, including a Native woman-owned construction company based in Pueblo de San Ildefonso.

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Native American Bank and Park State Bank & Trust are providing $6.9 million in joint financing for Tava House Properties' restaurant and event center in Woodland Park, Colorado. 

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The U.S. Department of the Treasury confirmed Thursday that the State Small Business Credit Initiative program will continue through March 11, 2028, resolving uncertainty over a potential deadline change that tribal advocates warned could disrupt tribal lending programs.

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A national Native American financial advocacy group is warning that a proposed U.S. Treasury deadline change could disrupt tribal governments from deploying federal funds for small- business lending.