In general, BIA may guarantee or insure any loan made by an eligible lender to an eligible borrower to conduct a lawful business organized for profit. There are several important exceptions:
The business must contribute to the economy of an Indian reservation or tribal service area recognized by BIA;
The borrower may not use the loan for relending purposes;
If any portion of the loan is used to refinance an existing loan, the borrower must be current on the existing loan; and
BIA may not guarantee or insure a loan if it believes the lender would be willing to extend the requested financing without a BIA guaranty or insurance coverage.
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