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Indian Loan Guarantee and Insurance Program (ILGP)

Since 1974, we’ve supported over $2 billion in loans.

 

In 2020, DCI offered 18 loan guarantees totaling over $125 million. Lenders working with DCI issued 21 insured loans totaling over $1.2 million. Many lenders are local; many borrowers are first-time borrowers.  

Through ILGP, our Division of Capital Investment (DCI) helps American Indian and Alaska Native (AI/AN) tribes and individuals overcome barriers to conventional financing and secure reasonable interest rates, while also reducing the risk to lenders by providing financial backing from the federal government.

(DCI Staff and ILGP Lender at RES 2021). 

Eligibility Information

For Lenders 

Most lending institutions, including Community Development Financial Institutions, may obtain a guarantee or insurance, provided they regularly make and evaluate business loans. Credit unions are generally not eligible to become ILGP approved lenders. Non-bank lenders (such as insurance companies, leasing agencies, and private wealth funds) that otherwise meet ILGP’s standards are eligible to access guarantees, but not insurance since they are not financial institutions. 

For Borrowers 

To qualify for a loan through the program, you must be: an individual who is an enrolled member of a federally recognized American Indian and Alaska Native (AI/AN) tribe or group; a federally recognized AI/AN group; or a corporation, limited liability company or other business entity with no less than 51% ownership by federally recognized AI/AN individuals.

Borrowers must have at least 20% equity in the project being financed and the project must benefit the economy of a reservation or tribal service area. Loans may be used for a variety of purposes including operating capital, equipment purchases, acquisition and refinancing, building construction, and lines of credit.

What You Need to Know

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Success Stories

  • PureWild Drink Company in Ojai, California, and Durant, Oklahoma

    Photo of woman with Pure Wild Bottles

    2021 Loan Guarantee 
    Business: PureWild Co
    Borrower: PureWild Co. LLC 
    Amount Financed:  Originally $250,000, later increased to $350,000 and a line of credit  
    Location: Ojai, CA and Durant, OK 

  • Ubetcha Wateca Family Restaurant in Eagle Butte, North Dakota

    Photo of people serving themselves buffet style

    2015 Loan Insurance
    Borrower: Shari Ducheneaux
    Amount Financed: $40,780
    Location: Eagle Butte, SD

  • KN Printing, LLC/Minuteman Press International Franchise in Rohnert Park, California

    Minuteman Press

    2014 Loan Guarantee 
    Borrower: KN Printing LLC, Koi Nation of California 
    Amount Financed: $197,000
    Location: Rohnert Park, CA
     

  • Dynamic Homes in Detroit Lakes, Minnesota

    Ho-Chunk Village

    Type of Service: Loan Guarantee 
    Date of Commitment: 2000 
    Lender: Bremer Bank 
    Borrower: Winnebago Tribe of Nebraska 
    Financing Amount: $4,146,000 

    Dynamic Homes has been building successful communities across Indian Country for nearly 50 years. In 2000, Ho-Chunk, Inc., the economic development corporation of the Winnebago Tribe of Nebraska, purchased Dynamic Homes with the support from the Indian Loan Guarantee and Insurance Program.  

  • Alaska Park, LLC in Anchorage, Alaska

    Alaska Park Terminal

    Type of Service: Loan Guarantee 
    Lender: Northrim Bank 
    Borrower: Tanadgusix Corp (TDX) 
    Financing Amount: $11,000,000 

    Alaska Park is the only airport valet parking facility in Alaska. It has offered parking services since December 2013. Alaska Park is owned by the Tanadgusix Corporation (TDX), an Alaska Native Village corporation from St. Paul Island, Alaska. TDX built the facility on land that once was an eyesore to the community. 

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Additional Information

Contact Us

U.S. Department of the Interior
MIB-4138, 1849 C Street NW, mail stop 4132
Washington, DC 20240
9:00 a.m. – 5:00 p.m. EST, Monday–Friday

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