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Indian Loans_Economic Development

Indian Loans_Economic Development
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EXAMPLES OF FUNDED PROJECTS
        A Bureau of Indian Affairs 90 percent loan guarantee of $5.5 million for a Tribe to construct and operate a tire recycling business, which is one of the first vertically integrated crumb rubber processing facilities in North America. Another example is a BIA 90 percent loan guarantee of $763,500 for a Tribe's health clinic expansion. This expansion was required to provide the quality and level of services the Tribal members needed. Another example is a BIA 90 percent loan guarantee of $4.5 million for a Tribe's 96-unit apartment complex expansion. This expansion will assist in diversifying the Tribal economy in the Northern New Mexico region.

PROGRAM ACCOMPLISHMENTS
        Guarantees of over seven hundred and fourteen million dollars of loans have been awarded.

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