NATIVE AMERICAN DEVELOPMENT CORPORATION NATIVE AMERICAN SMALL

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					                        NATIVE AMERICAN DEVELOPMENT CORPORATION
                             NATIVE AMERICAN SMALL BUSINESS
                                  MICRO-LOAN PROGRAM


                          2722 3rd Avenue North, Suite 310, Billings, Montana 59101
                                 Phone: (406) 259-3804 Fax: (406) 259-4569
                                        Website: www.nadc-nabn.org



CAPITALIZATION: The initial capitalization for the NADC Micro-Loan Program was with $21,000 from
the Billings Area Bureau of Indian Affairs to establish a loan guarantee pool. These funds will be leveraged with
Program Related Investment (PRI) Funds from the Rural Development & Finance Corporation of San Antonio,
Texas and other funds.

PURPOSE:       The purpose of this program is to make business loans and provide technical assistance to
community-based, Native American organizations and entrepreneurs who are seeking to improve their rural
communities. It's mission is to create or retain jobs in Native American communities by helping organizations
and entrepreneurs get the financing and technical assistance they need to undertake business and community
development activities in their communities.

ELIGIBLE APPLICANTS:              Must be a member or a descendant of a member of a state or federally
recognized tribe, living in the States of Montana or Wyoming.

POLICIES / TERMS:
          Loan limits: $500 - $25,000 per loan
          Loan terms: loan committee decision based on individual loan
          Interest rate: a fixed per annum finance charge equal to the prime rate of
                         Interest in effect on January 1 of the calendar year in which
                         NADC approves a Borrower's loan as published in the
                         Wall Street Journal, plus 1.0% shall be assessed on all loans
          Collateral required for all loans

DOCUMENTATION REQUIRED:
       Borrower's written business plan;
       Borrower's personal federal tax returns for the last three years;
       If existing business, business' federal tax return for the last three years;
       Borrower's organizational documents (articles of incorporation, bylaws, shareholder agreements,
       operating agreements, partnership agreements, etc);
       If required by law to obtain a business license, the Borrower must provide;
       Borrower may also be required to provide additional documentation, including evidence that it owns
       the collateral that it will pledge as collateral for the Micro-loan or copies of any leases in which it
       has an interest.

TECHNICAL ASSISTANCE: Technical assistance may be obtained through the Native American Small
Business Development Center located in this office, Billings or the local community Tribal Business Information
Center.



For more information please call the NADC Office at (406) 259-3804