In state fiscal year 2016, eight organizations successfully applied to the Native American Business Advisor (NABA) Grant.The grant is a fund to support the activities of Native American community-based organizations, tribal colleges, and tribal government organizations that support private sector business development on reservations and in tribal communities.These entities offer business counseling and credit counseling, and application support to Native American businesses in Montana.The NABAs are a key community asset necessary in the development and success of Native American businesses. To develop this asset, the Program focused on increasing the technical capacity of the NABA network through Submittable™ online application training webinars, commercial loan and Inclusive Entrepreneurship trainings, mentoring/networking opportunities with other small business advisors and organizations, and Association of Accredited Small Business Consultants membership.These trainings and opportunities were designed to develop the skill sets of Native-led organizations that in turn assist individuals in business start-up, marketing, utilization of business resources, and commercial loan application processes.Additionally, NABAs provide robust application assistance to the Indian Equity Fund Small Business Grant applicants and work closely with the Small Business Development Center (SBDC) Network with clients where appropriate.A total of $15,000/fiscal year was designated to fund eight NABA applications in each tribal nation area for a total of $30,000 over a two year period.
NABA organizations in the following areas are:
See the Map tab for contact information for each organization
How a NABA organization can help your business:
- Business Counseling Services- NABAs assist businesses in
creating, writing, and implementing a business plan, establishing product or
service cost structures, assisting with market analysis and feasibility
resources, establishing realistic financial projections, or providing marketing
and sales instruction and information.
- Indian Equity Fund Small Business Grant Application Assistance- as part of their contract NABAs assist a minimum of 12 Native
American businesses with developing and submitting quality applications via the
online platform to the Indian Equity Fund Small Business
Grant program for fiscal year 2016 and 2017 funding. The upcoming cycle of Indian Equity Fund Small Business Grant starts August 1, 2016 and has a Local Priority Applicant deadline of September 30, 2016 (Round 1) and an At-Large Applicant deadline of October 31, 2016 (Round 2).
- Commercial Loan Application Assistance- where applicable NABAs assist Native American
businesses with developing and submitting a commercial loan
application such as those submitted to a community bank, a community-based
lender, tribal loan program, or program such as USDA.
- Credit Counseling Services- where applicable, some NABA organizations provide training, workshops, and financial products for individuals to strengthen their financial management skills
such as developing and utilizing a budget, understanding and establishing
creditworthiness and accessing credit.
- Referrals to Other Organizations- NABA organizations are Inclusive Entrepreneurship participants and have a wide network of partners to which they can refer a business for additional assistance. This includes the Montana Small Business Development Center Network that has 10 locations strategically placed across the state.
For more specific information regarding the Native American Business Advisors, see the Indian Country Economic Development (ICED) Program Guidelines.