Loans built for Native entrepreneurs—from $250 to $1.5 million
Whether you’re just getting started on building your business idea or are ready to scale, Change Labs offers flexible and resourceful financing curated to meet the unique business needs of Native entrepreneurs like yourself.
Step 1: compare our loan products
Yes, we have three types of loans!
| Kinship Microloan | Kinship NSBCI Loan | NSBCI Loan | |
|---|---|---|---|
| Loan amount | $250-$10,000 | $10,000 - $50,000 | $50,000 - $1.5M |
| Tribal membership | Enrolled citizens of a Native American tribe | Navajo enrolled citizens | Navajo enrolled citizens |
| Good fit for | First time borrowers, new or young businesses and nonprofits | Businesses & nonprofits in operation or new businesses | Businesses & nonprofits in operation |
| Collateral required | None | None | Required |
| Location | Operating on the reservation in NM, AZ, UT, or CO | Operating in the United States | Operating in the United States |
If you have enough info to get started, click here to jump ahead!
Step 2: are you loan ready?
Kinship Microloan
✓ I have a business model canvas or a business plan
✓ I have a 1-year business budget or a startup budget (for new businesses)
✓ I can show that I have the financial capacity to repay a loan
✓ I have the capacity to work with a coach and/or attend workshops to strengthen my business
Kinship NSBCI Loan
✓ I have a business model canvas or a business plan
✓ I have a 1-year business budget or a startup budget (for new businesses)
✓ I can show that I have the financial capacity to repay a loan
✓ I have profit & loss statement or can demonstrate my business income (for existing businesses)
✓ I can produce a balance sheet and a pro forma cash flow statement (for existing businesses)
NSBCI Loan
✓ I have a business plan
✓ Myself or my business has assets available for collateral
✓ I can produce pro forma financial statements
✓ I am current on my business and personal tax returns
Step 3: get support with loan readiness
Get started on your loan documents
Use our self-guided videos and worksheets to get started.
Business Plan
This 5-minute video is an overview of the core elements to include in your plan. This tool helps you organize your thoughts, uncover what you don’t know yet, and make confident decisions without feeling overwhelmed.
RESOURCES:
* Blank Business Model Canvas
* Blank Business Budget Template
Overview of Loan Documents
This 60-minute video provides a detailed overview of the documentation that will strengthen your loan application. It covers essential components such as business plans, financial projections, and profit and loss statements. By preparing these documents in advance, you will enhance your chances of securing funding and ensuring a smooth application process.
Attend a loan-readiness class
Register for a free loan-readiness class with the Change Labs coaches
Sign up for coaching
Get answers to specific questions or get relevant support with your materials.
Step 4: apply for your loan
Ready to learn more about loans under $10,000?
Or, are you ready to learn more about our loans between $10,000 to $1.5M?
Unsure which loan product is right for you? Here’s a few ways you can connect with a Change Labs team member to talk it through.
☎ Call us at 602-726-228 and dial “1” for NSBCI
✎ Email us at hello@changelabs.org
✋ Visit us at 64 Main Street in Tuba City on Monday -Friday between 9am-4pm
