Native American Bank N.A. has been approved as an eligible lender under the Alaska Industrial Development and Export Authority’s Loan Participation Program, expanding access to long-term financing for tribal and rural business projects across the state.
The designation allows the Denver-based, Native-owned bank to originate and sponsor loans that AIDEA can purchase, typically covering up to 90% of a loan, reducing borrowing costs and extending repayment terms for projects located in Alaska.
AIDEA’s program is a central tool for financing commercial development, including construction, equipment purchases and business expansion, particularly in underserved communities.
Founded in 2001 by tribal nations and Alaska Native corporations, Native American Bank focuses on Native borrowers and underserved markets. The bank reports that more than 96% of its lending serves Native clients,…
