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How Lenders Can Apply for an ILGP Loan Guarantee

Most lending institutions are eligible for a guarantee

The Indian Loan Guarantee and Insurance Program (ILGP) reduces the risk to lenders who offer loans to American Indian/Alaska Native (AI/AN) tribes and individuals with the financial support of the federal government.  

Our Division of Capital Investment (DCI) manages the program and can provide up to a 90 percent loan guarantee for lenders.

Borrowers are not required to complete any government forms to participate in the program.

We accept applications throughout the year. You should receive a confirmation email from us within 5 business days after you submit your application.

What You Need

All applicants must complete the Indian Affairs Form RG110 and sign a Loan Guarantee Agreement with ILGP before they can participate. Lenders must also provide standard documentation that is required of all lending institutions.

ILGP also offers interest subsidy payments for certain loans, which is a discretionary payment made to a lender for the benefit of a borrower whose projected or historical earnings are below the industry norm. A lender may request interest subsidy as part of a loan guarantee request.

To be considered for the program, you must submit all required information. If your application is incomplete, we will inform you and provide an explanation of what needs to be completed. You must then resubmit a completed version. 

Fees

There is no cost to apply for lenders, but the Department of the Interior and Indian Affairs are not responsible for application preparation costs.

How to Apply

Submit Online

Applicants are required to submit completed proposal application packages via email to the appropriate DCI zone office. 

Steps
  1. Make an inquiry by contacting the DCI zone office where the borrower’s business is located. Find zone information.

  2. To apply for a loan guarantee, the approved lending institution must sign a Loan Guarantee Agreement and complete Indian Affairs Form RG110. Those required documents should be submitted to their designated DCI zone office along with standard documentation that is mandatory for lending institutions. This will likely include a complete loan application, an independent credit analysis of the borrower’s business and collateral, and a recent, original credit report from a nationally recognized credit bureau, according to requirements established by 25 CFR §103.12

Next Steps

You’ll receive a confirmation email from us within 5 business days after submitting your application materials. 

Approval Process 
  1. An initial review is conducted by a DCI zone manager.

  2. After passing the initial review, the DCI credit committee conducts its review and determines whether the application will be approved or rejected. 

  3. If approved, DCI prepares the Conditions of Approval and Guarantee Certificate, which is submitted to the DCI division chief for final approval. 

  4. The signed Conditions of Approval and Guarantee Certificate is then sent to lender.

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