Promoting private Indian business development by maximizing and developing resources that encourage and support Montana Indian Entrepreneurs.
MIBA’s partners are comprised of organizations and entities that are interested in Indian business development. They include tribal organizations, tribal governments, state government, non-profits, tribal colleges, Indian owned businesses, Governor Schweitzer’s office, lending institutions, consulting firms, consumer credit advocacy agencies, community development agencies, the Federal Reserve Bank and federal agencies.
Local & Statewide Resources
Montana Indian Equity Fund
Montana Indian Equity Fund Grants for Indian Business Owners
The Montana Indian Equity Fund is a grant to assist a current Native American business or a new Native American business owner. The funds are available only to enrolled members of Montana’s federally recognized tribes in Montana and to enrolled members of the Little Shell Chippewa Tribe.
The grant funds may be used for a variety of activities including the purchase of new equipment or the development of a new product line. The fund requires a minimum of dollar to dollar match which may include collateral such as cash, collateral, or loan funds such as a tribal loan fund, a micro loan program, or a commercial lender. Examples of collateral may include inventory, supplies, equipment, tools or vehicles that are part of the activity of the business.
To find out more about the Montana Indian Equity Fund Grant, if you qualify and if you need additional information or assistance please contact Philip Belangie, Indian Entrepreneur Development Program Manager, at (406) 721-3663, email@example.com or visit http://entrepreneur.mt.gov/indianequityfund.mcpx
Montana Secretary of State
Ensuring Montana is a place where businesses can grow and thrive is a top priority for Secretary of State Linda McCulloch. The Business Services Division is committed to working in close partnership with entrepreneurs to assist the success of each business endeavor.
Bootstrap Montana Loan Program
Providing 0% loans – ranging from $5,000 to $20,000 – to Montana entrepreneurs for projects that generate revenue from out-of-state clients, customers or businesses. “Bootstrapping” refers to the business development philosophy of growing a company without the aid of outside (equity) investment capital.
Lakota Funds launched the Building Native Industry Institute, a program designed to enable Native entrepreneurs to access a variety of business education courses, complete with videos and downloadable worksheets, while overcoming common challenges, such as distance and time restraints, regularly related to accessing business education in rural areas. This online platform houses an abundance of virtual trainings designed to help improve skills in the areas of starting, growing, running, managing finances for, and marketing a business. Each course also incorporates a pre- and post-test so that entrepreneurs can gauge how they have improved their skills in the course matter.
Great Falls Chamber of Commerce
The Great Falls Area Chamber of Commerce has just added this exceptional resource for your use at no charge. It is packed with information and resources to help your new or start-up business.
Rocky Mountain Indian Chamber of Commerce
Your success as an entrepreneur is our priority. We strive to help you promote your business, provide resources to leverage your success, and forge alliances that foster growth for your company. Serving the Rocky Mountain region for two decades, we are committed to bridging economic collaboration among corporations, American Indian-owned businesses and Tribes.
U.S Small Business Administration (SBA)
Are you thinking about starting a business of your own? Congratulations! It’s a huge step, and you’ll need to be prepared. That’s where SBA comes in: In this section, we have brought together the resources you need to get started. Whether you’re sitting down to write your business plan, wondering about your legal obligations, or researching your financing options, you’ll find the information you need right here.
SBA provides assistances primarily through its four programmatic functions: Access to Capital (Business Financing), Entrepreneurial Development (Education, Information, Technical Assistance & Training), Government Contracting (Federal Procurement), Advocacy (Voice for Small Business).
The U.S. Small Business Administration has launched a new online tool that helps Native American entrepreneurs prepare for business ownership. The Native American Small Business Primer: Strategies for Success (PDF) is a free online business course developed for Native American entrepreneurs that gives an overview of basic business principles and of the SBA’s programs and services that help business owners get started.
The new primer is an important tool for American Indians, Alaska Native and Native Hawaiian business owners that can lend in our nation’s overall economic health through business ownership and creating new jobs. Our ultimate goal is to help spur job creation and to stimulate economic and business development in our Native American communities.