Business Development
➤ mailing address
TAT Business Development Program
Business Loan Program
404 Frontage Road
New Town, ND 58763
➤ location
TAT Business Development Program
Business Loan Program
MHA Complex
1 Minne-Tohe Drive
New Town, ND 58763
☎ contact
Phone: (701) 627-6613
Office Hours
Monday - Friday
8:00AM - 4:30PM
DIRECTOR
Services Provided
Evaluate business development loans and assuring adequate collateral is in place for processing loans according to the policies and procedures. Provide technical assistance with business planning resources to clients. Oversee and monitor the collection, revenue, and delinquent loans of the business lending program and Independence loan program.
Eligible Participants
Terms vary based on the type of loan. Collateral pledged for the loan must be secured with fixed assets or other reasonable collateral, with TAT first lien position. The applicant must show credit worthiness with the tribe.
Area(s) Served
TAT members living within the United States.
Purpose/Mission Statement:
To provide opportunity for enrolled members of the Mandan, Hidasta, Arikara Nation to venture into private enterprises that will enhance and promote the economic development by owning their business through tribal business lending.
General Information
The Mandan Hidatsa & Arikara Nation established the Business Loan Program for the purpose of assisting its membership with short-term loans. The business loan program is a revolving leading program, as borrowers repay their loans, the funds become available for more loans. Maximum funding: $100,000. with the interest rate at Prime + 1% thereafter reset annually by TBC. Fixed Assets -10 year max term, Equipment-7 year max term, Working Capital-5 year max term, other terms vary based on the type of loan. Collateral pledged for the loan must be secured with fixed assets or other reasonable collateral with equal value of the loan, with TAT first lien position. The applicant must show credit worthiness with the tribe.
