Native Nations, Tribal enterprises, and Native-owned businesses are under- represented and disproportionately affected by COVID-19 and have less access to much needed capital and federal relief programs. In some parts of Indian Country, nearly 50% of small Native businesses have reported closures and many more have had to layoff staff. Native Nations and their enterprises also report larger unmet capital gaps that will last over six months.
NDN Fund has created three specialized loans with more flexible under-writing targeted at those Native-owned or Tribally-owned businesses that are either adversely impacted by COVID-19 or demonstrate operation in a high-demand industry and/or are applying innovative business strategies. This portfolio will follow NDN Collective’s overall mission and theory of change by prioritizing businesses that demonstrate social and environmental co-benefits.
In this webinar, NDN Fund staff will be walking through the Moving Beyond COVID: Relief & Resilience Loans and supporting prospective applicants with practical tips on how to apply. There will be Q & A at the end of the presentation.