Cherokees offer business loans

This will definitely be a good news despite of the difficulties in obtaining loans from banks.

As banks are tightening lending standards for individuals and small businesses because of the deepening crisis on Wall Street, the Cherokee Nation is stepping up to help tribal members and members of other tribes obtain small-business loans.

The Cherokee Nation's Micro Enterprise Adult/Youth Opportunity Loan Funds are available through the tribe's Small Business Assistance Center.

The loan funds were created to assist low-income American Indians with funding and assistance to start, expand or stabilize a small business, said Lahoma Davidson, a portfolio manager at the assistance center.

Read more about Cherokees' offer of business loans.

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