Areas Served: Statewide California
As a development finance organization the California Native Entrepreneurs Opportunity Fund (CNEOF) will promote financial independence and self-reliance for Native families, their connection to Native culture, and strengthen tribal governments.
CNEOF Eligibility Requirements to Qualify for a Loan: – Must be a U.S. Federally recognized American Indian: With Tribal and/or B.I.A. documentation.
– Must have successfully completed an Entrepreneur Training Program, recognized by CNEOF.
Exception: Existing Businesses of 3 or more years.
– Must have an up-to-date Business Planfor both start-up and existing businesses.
– Must be a Native owned business of 60% or more.
– Business must be located in the state of California.
– Loan must be within the criteria set up in the loan products offered by CNEOF.
– Applicants must reside in the CNEOF service areas.
Exception: CIMC Entrepreneur Graduates.
CNEOF BUSINESS LOAN PRODUCTS: MICRO LOAN — $500.00 – $2,500.00 – Start-up businesses to purchase equipment, inventory or working capital.
– $50.00 Loan Application fee, if Pre-Qualifying Application is approved for eligibility.
MINI LOAN — $2,501.00 – $25,000.00 – Start-up and Existing Businesses to purchase equipment, inventory or working capital.
– $100.00 Loan Application fee, if Pre-Qualifying Application is approved for eligibility.
SMALL LOAN — $25,001.00 – $50,000.00 – Existing Businesses to purchase equipment, inventory, working capital, or a business real estate acquisition.
$200.00 Loan Application fee, if Pre-Qualifying Application is approved for eligibility.
Contact InformationCalifornia Native Entrepreneurs Opportunity Fund
Address: 738 North Market Boulevard
City: Sacramento
State: California
Website:
http://www.cimcinc.org
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