For over 45 years, the Indian Loan Guarantee and Insurance Program (ILGP) has helped American Indian and Alaska Native (AI/AN) tribes and individuals overcome barriers to conventional financing and secure reasonable interest rates.
ILGP aims to promote economic development on or near an Indian community’s reservation or service area.
To see the latest Indian Financing Act rate, visit TreasuryDirect's Monthly Interest Rate Certification page, click on the link for the current month and view table 6 for "Other Specific Legislation."
The loans provided by ILGP are not offered through the Small Business Administration (SBA). For information about SBA-guaranteed loans, please visit the SBA website.
Eligibility and Limitations
To qualify for a loan through the program, you must be:
- An individual who is an enrolled member of a federally recognized AI/AN tribe or group
- A federally recognized AI/AN group
- A corporation, limited liability company, or other business entity with no less than 51 percent ownership by federally recognized AI/AN individuals
Loans may be used for a variety of purposes including operating capital, equipment purchases, acquisition and refinancing, building construction, and lines of credit.
Additionally, borrowers must be projected to have at least 20% equity in the project being financed and the project must benefit the economy of a reservation or tribal service area.
The following types of businesses are ineligible for ILGP loans:
- Smoke shops
- Vape shops
- Businesses, a substantial purpose of which is to cultivate, prepare, package, transport, distribute, or sell tobacco or vaping products
- Breweries, wineries, or distilleries making products with over 20% alcohol by volume
- Brothels or other businesses involving prostitution
The maximum loan amount guaranteed for individuals is $500,000, but we’re able to guarantee loans of greater amounts for tribes, tribal enterprises, or business entities, subject to program and policy limitations.
How to Apply
Borrowers may apply for a loan through any lender that regularly engages in making loans. They’re not required to complete any government forms to participate in the program.
- Read Our Guide for Individual Borrowers
- Read Our Guide for Tribes, Tribal Enterprises or Indian-Owned Businesses as Bor…
- Borrower Success Stories
- How Lenders Apply for a Loan Guarantee
- How Lenders Apply for Loan Insurance
- The Indian Loan Guarantee and Insurance Program
- Division of Capital Investment