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NATIVE AMERICAN PROJECTS
Traditionally, lending on Indian reservations raises unique issues to be worked out. However, a process with much communication, and reaching clear agreement before taking action, are sound practices in any situation and culture.
When choosing a financial lender, a tribe must be sure to ask questions such as experience, references on projects completed, and flexibility.
Lease Purchase Financing provides a great alternative vehicle versus conventional commercial bank loan financing. Lease Purchase Financing allows the borrower to pay for the equipment over its useful life. Virtually any essential use equipment used in the day-to-day operation of the tribes' governmental functions, or any enterprise business such as gaming operations, can utilize Lease Purchase Financing.
A part of a resource mobilization strategy, tribes should highlight their special advantages in discussions with lenders. When applying to a lending source for financing, a tribe should provide the lender with as much information as possible. The length of time it takes to get something done is directly related to the amount of planning time that has gone into it.
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