Cherokee Nation’s SSBCI Loan Program helps businesses gain access to funding by partnering with financial institutions to fund a portion of the business start-up or expansion costs.
This mutually beneficial partnership means that banks do not take on as much risk, and business owners do not have to provide as much equity as is normally required.
Borrowers only need to complete the private financial institution’s application; Cherokee Nation does not require a separate application.
Borrowers should notify their lender that they are interested in Cherokee Nation’s SSBCI Loan Program.
If a bank or lender is unfamiliar with the SSBCI Loan Program, borrowers may share the SSBCI contact information with the bank or lender OR contact Cherokee Nation’s SSBCI Program, and Cherokee Nation Commerce will communicate directly to the lender to educate on the program.
Cherokee Nation SSBCI Program918-772-4167
No, applicants must meet credit criteria, including having the ability to obtain private financial institution funding, have a viable business or business plan, have an acceptable debt to income ratio, and satisfactory credit history.
Yes
Borrower can use any financial institution willing to work with Cherokee Nation.
No, there are ineligible uses of funding. The following uses are prohibited:
Typical loan terms are as follows:
