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ᎠᏕᎸ ᏧᎾᏓᏙᎳᏍᏙᏗ ᏚᎾᏒᏢᏒ

Loan Programs

Eligibility: Cherokee Nation Small Business loans are available to startups, existing businesses or those who wish to purchase existing businesses when: at least ONE applicant is a citizen of any federally recognized tribe AND when the business and ALL applicants reside in the 14 Counties of the Cherokee Nation Reservation. If you have questions about eligibility please contact us at sbac@cherokee.org or (918)453-5536.

LOAN TERMS as of May 22, 2023

Prime Currently 4%

	Loan Size	Loan Term*	Collateral	Interest Rate**	Closing Fees
Micro	$100 to $25,000	Up to 15 years	Equipment or other property purchased with proceeds of the loan, or personal assets owned by the applicant	CN Prime, fixed	2% of loan
Business	$100 to $500,000	Up to 15 years	Real or personal property; Equipment or other property purchased with proceeds of the loan, or personal assets owned by the applicant	CN Prime + 1-3% depending on loan rating*** at time of closing; 1-3 yrs fixed thereafter reset annually	2% of loan
IRP	$100 to $250,000	Up to 15 years	Real or personal property; Equipment or other property purchased with proceeds of the loan, or personal assets owned by the applicant	CN Prime + 1-3% depending on loan rating*** at time of closing; 1-3 yrs fixed thereafter reset annually	2% of loan

** Loan term based on the conservative remaining life of collateral and cash flow.

** All interest rates are based upon the Cherokee Nation Prime Rate, as set by the CNEDTA Board and reviewed quarterly

*** Loan rating is contingent upon the client’s collateral coverage, credit history, cash flow stability, equity investment, and business qualifications.