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Resources

Funding for Your Business

Getting Started

Ready for funding? We've got great resources for entrepreneurs looking for funding. We've included some helpful tools to get you ready to apply for your funding!  Check them out below!

  • This glossary was created for entrepreneurs to better understand the terms that funders use.

  • An overview from a lenders point of view.

  • Every lender has different requirements, be sure and contact your lender prior to the meeting and obtain an outline of required documentation.

  • Offering a free credit file disclosure, commonly called a credit report, once every 12 months from each of the nationwide consumer credit reporting companies: Equifax, Experian and TransUnion.

Funding Sources for Your Business

Now that you're ready to apply we've compiled a list of funding sources for you to fund your dream.

  • No grants available, they only provide business loans for Red Lake tribal citizens. They provide up to 25% of the total project costs based on the current balance of the loan fund. Loan funds are leverage through the MN with Indian Business Loan Program which provides up to 75% of the total project costs.

  • Loan proceeds may cover start-up and expansion costs, including normal expenses such as machinery and equipment, inventory and receivables, working capital, new construction, renovation, and site acquisition. Financing of existing debt is not permitted.

  • Loans from $5,000 to $50,000 and above, LLFS uses a USDA revolving-loan fund to provide capital to businesses on the Leech Lake Reservation and within 25 miles of the reservation boundaries.

  • The increase in Native CDFIs has been crucial in eliminating credit deserts and supporting Native Americans who wish to buy a home, start a business, or finance their education. Our guide explains the advantages of CDFIs and includes a list of every Native CDFI in the U.S., searchable by state and institution type.

  • Gap financing for new and expanding businesses.

  • Providing business, technology, green business, small business, and seed investment loans.

  • Capital investment and Indian Loan Guarantee Program

  • Business loans, royalty investments and loan guarantees.

  • Start-up and existing business loans.

Our impact

  • Artists, Entrepreneurs, and Organizations Served

    600

  • Volunteer hours

    1800

  • Community Reach

    32,000

  • Funds Raised

    270,000

Thank you to our generous funders & sponsors

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