The Native American Business Advisor (NABA) 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 is focused on increasing the technical capacity of the NABA network such as assisting individuals in business start-up, marketing, utilization of business resources, and commercial loan application assistance. Additionally, NABAs will also provide more robust application assistance to the Indian Equity Fund Small Business Grant applicants. A total of $15,000 is available to fund eight NABA applications in each of tribal nation areas.
Eligible applicants include local Native American development organizations that offer technical assistance services to pre-venture and established Native American businesses in Montana. Organizations must have the capacity to provide technical assistance or counseling in the required competencies below.
- Native American Business Advisor and Indian Equity Fund Small Business Grants Online Application Webinar (September, 23, 2015)
- Loan Packaging for Business Advisors Training (October 27-28, 2015 Billings, MT)
- Credit Counseling and Training (i.e. Financial Education for Native Families)
- Inclusive Entrepreneurship (October 29 (Billings) & December 16 (Helena), 2015)
Qualified NABAs must either be pre-certified to provide services in all of these core competencies or must be willing to obtain certification in these trainings no later than December 31, 2015. Qualified NABAs may subcontract Commercial Loan Lending and Credit Counseling and Training to other local qualified organizations.
$2,000 is available as a baseline amount for NABAs to receive for providing business technical assistance services. NABAs can access an additional $3,000 for providing technical assistance services to help businesses develop and submit quality Small Business Grant applications to the Program. A minimum of 6 quality IEF Small Business Grant applications must be successfully submitted to access the $3,000. The remaining funds will be available to the NABAs to increase the capacity of the organization to provide more robust business technical assistance and credit education services to their reservation communities. Examples of activities include: technical assistance for commercial loan applications, hosting or attending a financial education training and/or Train-the-Trainer certification, hosting a Section 184 loan training, or subcontracting funds to an organization to assist in the development of a tribal loan fund or establishment of a reservation-wide credit reporting system.
For more specific information regarding the Indian Equity Fund Small Business Grant, see the Indian Country Economic Development (ICED) Program Guidelines.
Click on the 'Click here to Submit' button (link) below to navigate to the online application manager, Submittable, and to begin the application process: