Business Loans

The Seneca Nation of Indians Economic Development Company (SNIEDC) is committed to quality and service. SNIEDC provides this service through three loan programs depending on business needs:

The Micro Loan Program

The Micro Loan Program is intended to address the needs of small enterprises. The particular features of the Micro Loan Program are listed below:

Minimum
Maximum
Micro Loans Approved
$500
$25,000
Fixed Interest Rate
5.25%
9.25%
Term of Repayment
up to
5 years

The Business Revolving Loan

The Business Revolving Loan (BRL) is intended to address the needs of small to medium enterprises. The particular features of the Business Revolving Loan are listed below:

Minimum 
Maximum 
BRL Loans Approved
$25,000
$250,000
Fixed Interest Rate
5.25%
9.25%
Term of Repayment
up to
7 years

 The Commercial Mortgage Loan

The Commercial Mortgage (CMG) Loan is intended for business property acquisition of land, buildings, new construction and renovation of real property on the Seneca Nation territories. The particular features of the Commercial Mortgage Loan are listed below:

Minimum 
Maximum 
MTG Loan Limits
$75,000
$375,000
Fixed Interest Rate
5.25%
9.25%
Term of Repayment
up to
20 years

 

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