How to Qualify for a Loan To qualify for a loan from AIEDF one must be a registered member of a federally recognized tribe. New loan applicants must complete the economic development training course given by the AIEDF. Applicants for loans to expand an existing business requirement for the training course will be on case by case bases. The AIEDF helps the Indianpreneur in the loan process by acting as a catalyst for the development of entrepreneurial activities (excluding gaming), and to act as a “gap” financier for projects that have positive economic potential. The fund strives to bring together borrowers and local lenders in a way that makes projects happen. As a “gap” financier, the Fund is not the main lender for projects, but can provide loans up to $75,000.00 and then provides necessary guidance, linkages and technical assistance to the Indianpreneur. |
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