10.421: Indian Tribes and Tribal Corporation Loans
Overview
Program Number
10.421
Status
Active
Last Modified
Sept. 21, 2022
Date Posted
Sept. 21, 2022
Objective
To assist Indian tribes become owners of additional property within the reservation to advance and increase current operations, provide financial prospects for Native American Communities, increase agricultural productivity, and save farmland for future generations. FSA serves as a valuable resource to extend credit to Indian tribes or tribal corporations that do not qualify for standard commercial loans.
Type of Assistance
E - Direct Loans
Applicant Eligibility
Applicants must meet the requirements addressed:
I. Submit a completed Agency application form, FSA-2620;
II. Obtain an option or other acceptable purchase agreement for land to be purchased with loan funds;
III. Be a Native American tribe or tribal corporation of a Native American tribe without adequate uncommitted funds based on Generally Accepted Accounting Principals, or another financial accounting method acceptable to the Secretary of Interior to acquire lands or interests therein within the Native American tribe’s reservation for the use of the Native American tribe or tribal corporation or the members of either;
IV. Be unable to obtain sufficient credit elsewhere at reasonable rates and terms
V. Demonstrate reasonable prospects of success in the proposed operation of the land to be purchased with funds provided under this part by providing;
- a feasibility plan for the use of the Native American tribe’s land and other enterprises and funds from any other source from which payment will be made;
-a satisfactory management and repayment plan; and
- a satisfactory record for paying obligations.
VI. Unless waived by the FSA Administrator, not have any outstanding
debt with any Federal Agency which is in a delinquent status;
VII. Not be subject to a judgement lien against the tribe’s property arising out of a debt to the United States;
VIII. Have not received a write-down as provided in within the preceding 5 years
Beneficiary Eligibility
Native American tribe or tribal corporation established pursuant to the Indian Reorganization Act seeking a loan;
Native American tribe is:
(1) An Indian tribe recognized by the Department of the Interior; or
(2) A community in Alaska incorporated by the Department of the Interior pursuant to the
Indian Reorganization Act.
Related Programs
Additional Information
Grant Awards
Indian Tribes and Tribal Corporation Loans direct grants
Grant Opportunities