February 11, 2021

NDN Collective Launches Resilience Loan Fund for Tribes, Tribal Enterprises, and Native-Owned Businesses to Help Move Past Economic Impacts of COVID-19

As part of NDN Collective’s larger response to the pandemic, NDN Fund has created special emergency debt capital, bridge loans, and capacity building services to help businesses remain solvent and to identify opportunities for some to expand if they are in advantaged industries.

FOR IMMEDIATE RELEASE: FEBRUARY 11, 2020

Rapid City, SD —  Native Nations, Tribal enterprises, and Native-owned businesses are underrepresented and disproportionately affected by COVID-19 and have less access to much needed capital and federal relief programs. In some parts of Indian Country, more than 50% of small Native businesses have reported closures and even more have had to lay off staff. Native Nations and their enterprises also report larger unmet capital gaps that have continued well past the first nine months of the pandemic. In response, NDN Fund—the lending arm of NDN Collective—is launching the Moving Beyond COVID-19 Relief & Resilience Loan Fund 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.

Coupled with capacity building services, NDN Fund supports businesses in pivoting their business strategies to come out of the pandemic stronger and better positioned for long-term success.

“COVID-19 has widened the disparity ratio that exists for Native businesses,” said Nikki Pieratos, NDN Fund Managing Director. “Many of our enterprises are largely in food, entertainment, retail, and accommodation industries. This includes many tribal enterprises, which is critical, as their profits subsidize multimillions of dollars in tribal programs like healthcare, housing, elder care, and youth programs. More than ever, our communities and households are reliant on our Tribal businesses and family businesses for financial support.”

This loan fund includes three lending lines: 1) Direct loans to small Native-owned businesses; 2) Pre-development and bridge loans for larger projects and developments that may have stalled due to the pandemic and; 3) Larger tribal enterprise loans. The entire range of loans is $10,000 to $500,000 depending on the fit and need of the individual enterprise. In addition, NDN Fund is providing limited capacity building services to selected borrowers to help them grow and market their business, maintain or develop a digital presence, financial analysis, manage a different supply chain, etc.

“Since the beginning of the pandemic, NDN Collective has been responsive to the needs of our artists and entrepreneurs with grantmaking, but we have learned that the capital needs are diverse in Indian Country, ranging from $10,000 for small businesses to over $1 million by tribal enterprises,” says Pieratos. “We are responding to that need.”

Moving Beyond COVID-19 Relief & Resilience Loans helps preserve and build better, inclusive, and multiplier Indigenous economies by resourcing the businesses that mainstream lenders often overlook.

Outside of this loan initiative and core to its mission, NDN Fund is still investing in and building capacity in large-scale development in areas such as renewable energy and regenerative agriculture. This work will always continue, but NDN Fund—like the rest of the NDN Collective ecosystem—will always try to remain responsive to the emergent needs within our Indigenous communities.

“We have less than 70 certified Native CDFIs and 574 federally recognized tribes. Therefore, not every community has a Native CDFI, or as we recognize, a first financial responder on the ground,” said Tawny Wilson, NDN Fund Loan Officer. ” So, it is pivotal that NDN exists in this gap, though we understand the gap is much larger than one organization can fill and exists in the billions.”

For more detailed information on eligibility and to apply, visit https://staging.ndncollective.org/beyond-covid/. Here, you can also sign up for updates on upcoming tutorials, live webinar Q&A, and other tips for applying. Webinars will be offered on March 2 at 2:00 pm EST, and on March 5 at 2:00 pm EST.

ABOUT NDN COLLECTIVE

Founded in 2018, the NDN Collective’s mission is to build the collective power of Indigenous Peoples, communities, and Nations to exercise our inherent rights to self-determination, while fostering a world that is built on a foundation of justice and equity for all people and the planet. We do this through building Indigenous power in partnership with the philanthropic and investment sectors. For more information, visit staging.ndncollective.org.

April 2022 Edition

Stay Informed. Take Action.

Subscribe to the NDN allies newsletter

Sign up to get our newsletter. Delivered once per month.

We care about the protection of your data and would never sell your email or share it with anyone without your permission.

NDN Collective Launches Community Engagement Survey for Distributing Nearly $50M to Native People in SD, ND, and MN Posted 5 months ago
“We have an ambitious goal of hearing from over 20,000 Native individuals situated in the tri-state area. Our voices and lived experiences matter - and so do our visions and dreams for an abundant future.”
Meet the Collective Abundance Fund Regional Advisory Committee Posted 5 months ago
The Regional Advisory Committee will be key to building the regenerative movement while supporting reciprocal relationships that are marked by collective learning, knowledge sharing and consideration of diverse insight as part of NDN Collective’s respective areas of work and commitment.
NDN Collective Announces “Community Action Fund” for Indigenous Frontline Organizers Posted 5 months ago
Grants up to $30,000 offered to support on the ground organizers and movement builders who stand on the frontlines to defend Indigenous Peoples inherent rights to self-determination and equity for all people and the planet.
NDN Collective Calls for Boycott of Rapid City Businesses with Racist Policies Posted 5 months ago
The goal for the ongoing boycott is to discourage community members from supporting businesses with racist policies & practices, and instead encourage them to use buying power to impact change by redirecting their dollars to businesses that stand in solidarity with Indigenous people.
NDN Collective Responds to DOI Announcement of Reformed Onshore Oil and Gas Lease Sales Posted 6 months ago
“We must carry this win forward to remain steadfast in our work to shift from fossil fuels to renewable energy, and we must also turn our attention to reforming offshore oil and gas leasing. It is clear that the Department of Interior has been paying attention to the need for making decarbonization more accessible to Native and Indigenous homes, communities, and Tribal Nations, and we need that accessibility to extend even further."
NDN Collective Announces Regional Advisory Committee to Guide Design of $50M Collective Abundance Fund Posted 6 months ago
Native community leaders and representatives from reservation and urban areas in North Dakota, South Dakota and Minnesota selected to support the development of the Collective Abundance Fund from a $50M Bush Foundation award to NDN Collective to support closing the racial wealth gap.
NDN Collective Responds to SD Gov. Noem's Executive Order Restricting Critical Race Theory Posted 6 months ago
“Noem’s executive order is yet another move that tragically diminishes the capacity of our young people to see difficult historical truths with empathy. We need leadership whose actions ensure all of our youth will have enriching learning opportunities that prepare them for a transformative future."
NDN Collective Response to IPCC Report Pointing to Colonialism as Climate Change Driver Posted 6 months ago
The IPCC report acknowledging colonialism as a driver of climate change reinforces what Indigenous Peoples across the globe have been declaring for decades.
NDN Collective Releases Position Paper on Palestine Posted 6 months ago
"Today on Palestinian Land Day (يوم الأرض), we uplift the sacrifices that our people have made and continue to make so that we can fight for a liberated future and a dignified present. As Palestinians living in exile on Turtle Island, we have learned so much from our siblings in struggle and are grateful for their inspiring courage in the face of so much adversity."
'The Right OF Return Is LANDBACK'

By NDN Collective's LANDBACK Team

Posted 6 months ago
Today on Palestinian Land Day, we uplift the ongoing struggle of our Palestinian relatives for liberation of their homeland and full return for all Palestinian people. We reaffirm that our solidarity as people runs deep and is both historical and ongoing.

United like never before, we rise together—arm in arm—to equip all Indigenous Peoples with the tools needed to become architects of our future. Through a holistic approach to infrastructure, funding, advocacy, movement building, and philanthropy we are fostering a world of justice and equity for all people and the planet.