Small Business Loan


Small Business Loans are available in the amount of $2,501-$200,000. Download Small Business Loan Application

Term
20 years or less

Fixed Interest Rate
6%-9%

Loan Origination Fee
1% of loan amount, minimum of $25. The loan origination fee can be part of the loan.

Eligible Loan Purposes
Loans must be for business purposes or community development projects. Eligible uses include working capital, purchase of land or buildings, construction of building, leasehold improvements, business vehicle purchases, inventory, equipment, purchasing an existing business, or refinancing high interest business debt.

Eligible Applicants
Any new or existing business located on or near the Wind River Indian Reservation is eligible to apply for a loan.

Collateral
Collateral is required for all loans. WRDF staff will work with you to determine the appropriate collateral, depending on your situation.

Equity
Equity is your investment into your business. It is similar to a down payment when you are buying a house or a vehicle. Are you investing in your business? If so, be sure to show it on your loan application.

Application Process
WRDF staff is available to help you through the application process. We'll also be here to give you technical assistance and support once you receive a loan.

  1. Complete the Small Business Loan Application and submit to WRDF staff. Only completed applications will be submitted to the loan officer. Small business loan applicants are required to submit a business plan with their application. Review the Small Business Loan Application checklist located at the front of the loan application to make sure all necessary items are included.
  2. Once a completed application is received, it will be reviewed by the loan officer to determine if it is complete. The loan officer will also order a credit report and identify environmental issues, if any. The loan officer will determine the strength of the application and it will be presented to the Loan Committee, if applicable.
  3. The Loan Committee will review applications and decide whether to approve the application for funding, send the application back to the Loan Officer for more information, or to deny the application. The applicant will be notified of the loan application status.
  4. If the loan is approved, the Loan Officer will set a closing date with the loan applicant.

Download Small Business Loan Application

For more information, please contact the Wind River Development Fund.