Q – Who is eligible for loans?
A – Enrolled members of the Eastern Band of Cherokee Indians and residents of the 7 far west counties of NC: Haywood, Jackson, Swain, Macon, Graham, Clay, Cherokee.
Q – What is the range of your loans?
A – Loans range from $1,000 to $150,000 depending on the type of loan. (click here for application).
Q – How do I get started?
A – If you need help starting a new business, we can put you in touch with local small business advisers, attorneys, accountants, and other professionals who can help you write your business plan, choose the right legal structure, set up your bookkeeping, and advise you in marketing your business. Click here to get started or call Hope Huskey at 828-359-5005.
Q – What can I use loan products for?
A – Your loan can be used to start or expand your business by buying equipment, renovating a building, adding inventory, or for working capital. Take a look at our various loan packages.
Q – Do I have to have collateral to get a loan?
A – Yes. Sequoyah Fund requires collateral, even if it is in a subordinated position. You must contribute 10% of the project costs as equity.
Q – Can you help me with bank financing?
A – Yes. If you qualify for a bank loan, we can prepare and walk you through the process with one of our banking partners.
Q – Will you help me fill out paperwork?
A – Yes! Click here to get started or call Hope Huskey at 828-359-5005.