Akiptan Operating Loan and Line of Credit

Akiptan is a Native American Community Development Financial Institution (CDFI) that provides loans and technical assistance to agriculture producers across Indian country.

In order to make sure that Akiptan can fully service a client's needs, Akiptan also has operating and line of credit products where producers can borrow up to $500,000.

• Anyone over the age of 18 years can apply for these funds

• Any individual or entity engaged in agriculture and food systems, including but not limited to: growing, processing, distributing, or selling food or food products with a goal of improving the Indian use of Indian resources within the service area.

• All applicants must be actively involved in the day to day labor and management decisions of the operation unless they are temporarily uninvolved due to pursuing further education or other extenuating circumstances to be determined by the Loan Committee.

Akiptan's Operating and Line of Credit products are great for operators who need to borrow $500,000 or less to pay for operating expenses. Anyone over the age of 18 years can apply for these funds which can be paid back over 12 months.

Interested in applying for a loan? Begin by completing Akiptan's online intake survey. When completed a Loan Administrator will reach out to you with next steps.

The loan process begins with discovery and intake to get to know the client. Then you move into technical assistance and application completion, review and closing, then aftercare.

There is a digital copy of the application to the right which can be filled out and mailed to Akiptan's office at PO Box 858 Eagle Butte, SD 57625. Supplemental documents may be required before final loan review.

Please know that the timeline is currently a few months out from application submission to the Loan Committee for review. It is best to put in an application as soon as possible, but having a couple of months time is preferable. If your loan is approved, Akiptan can hold the money until you are ready to use it, which helps save on interest as well.

Loan products overview

Application materials

Akiptan Loan Process (PDF)

Frequently asked questions

Interest Only Option explained (blog)