The Cherokee Nation is opening its small business loan program to all federally recognized tribal members who live within the tribe's jurisdictional area.
The Micro Enterprise Adult/Youth Opportunity Loan Funds are open to entrepreneurs as young as 13. Applicants must meet low-income guidelines set by the Department of Housing and Urban Development.
"We're specifically set up to help those people who aren't able to go to a bank," Lahoma Davidson of the tribe's Small Business Assistance told The Tulsa World. "That market has grown exponentially over the last few months."
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Cherokees offer business loans
(The Tulsa World 9/30)
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