Business Development Grants/Loans Available

From the Desk of Marcus Wells, Jr., Four Bears Council Representative.
The Tribal Business Council has made available Business Development Grants for the small business owners in need of working funds for their small business in the amounts up to $3,500 Grants and $3,500

Loans for a total combined amount possible of $7,000. To apply for this funding by contacting the Credit Department of the Three Affiliated Tribes or you're the Four Bears Tribal Council Representative.
Business owners in need of working funds for their small business in the

amounts up to $3,500 Grants and $3,500 Loans for a total combined amount possible of $7,000. To apply for this funding by contacting the Credit Department of the Three Affiliated Tribes or myself the Four Bears Tribal Council Representative at 627-4781.

Revolving Loan Funds available for Home Purchase

From the Desk of Marcus Wells, Jr., Four Bears Council Representative.
The Tribe has approved the development of a Revolving Loan fund for the acquisition of family dwellings for a 20% Down payment not to exceed $10,000 per

applicant at a preliminary interest rate of 5%. The fund is to be used to for down payment on the purchase of homes.  The Tribal Business Council has assigned Mr. Terry Red Fox, Program Analyst to oversee the development of the policy of the Revolving Loan

fund to be administered by the Credit Department of the Three Affiliated Tribes. More information will follow when made available fore distribution. For more information call Terry Red Fox, Program Analyst at 627-3623.

The FY 2001 Tribal General Fund Budget again being presented to each segment for comment

From the Desk of Marcus Wells, Jr. Four Bears Council Representative.
The 2001 General Fund Budget is again being submitted to each segment at a regular scheduled community meeting for the input and comments of segment members. The 2000 Budget year has come to a close and the Tribal Business Council is reviewing the draft for mark up and discussion at the next Tribal Business Council Meetings.
The shortfall that has plagued the former administration is still present at this time for the Tribal Business Council to deal with. The former Tribal Council's dealt with unfunded man

dates and under funded 638 Programs that could only be funded with working capital loans and JTAC Draws, just as the present administration must endure.  The Tribal Business Council Budget is funded by the Indirect Cost Funds which are receipted in the amount of $1,300,000 and the Tribal Business Council Budget is at the same amount.  However the problem is  that the Indirect Budgets have been running at the amount of $3,500,000 roughly ($2,200,000)  over budget. But the former and present Tribal Business Council have agreed to continue forward, or the following programs would not receive any funding:

Finance  $900,000
Personnel $200,000
Legal Dept. $350,000
Property  $250,000
Mailroom $125,000
Maintenance $500,000
Total              $2,250,000
Also, the federal government consistently shortfalls  the Tribe which averages $3,500,000 annually., the tribe therefore supplements Federal Programs at $3,500,000.

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Four Bears News