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
The maximum SSBCI loan amount is $5 million; the total project cost may not exceed $20 million.
The total amount of starting or expanding your business cannot exceed $20 million.
No, the maximum Cherokee Nation loan is $5 million; if you receive a $5 million Cherokee Nation SSBCI loan, you must have a loan with a private financial institution of at least $5 million.
Yes, you will have one loan with a financial institution and one loan with Cherokee Nation.
