November 2009 - Citizen Potawatomi Nation
November 2009 - Citizen Potawatomi Nation
November 2009 - Citizen Potawatomi Nation
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8 HowNiKan <strong>November</strong> (Giwse Gises) <strong>2009</strong>, vol. 30 issue 7<br />
Commercial Loan Programs<br />
The <strong>Citizen</strong> <strong>Potawatomi</strong> Community<br />
Development Corporation prides itself on<br />
nurturing Native American entrepreneurs<br />
with loans in its portfolio as small as<br />
$5,000. On the other end of the spectrum,<br />
the CPCDC can independently offer loan<br />
funding up to $300,000. Credit requests in<br />
excess of $300,000 may be facilitated by<br />
the CPCDC but will require participation<br />
form other financial entities. Loans may be<br />
used for commercial real estate acquisition<br />
or improvement, equipment, inventory,<br />
supplies, and/or working capital. <strong>Citizen</strong><br />
<strong>Potawatomi</strong> Community Development<br />
Corporation will guide you through the<br />
process of acquiring funding for your business.<br />
Our professional staff works one-onone<br />
with you to tailor a financing package<br />
which will meet your business needs. By<br />
providing favorable lending terms and<br />
financial guidance, the CPCDC helps your<br />
business become more competitive and<br />
profitable.<br />
Community Development Corporation<br />
Recently we have expanded our services and are now able to offer many items to our out-of-state members. Below is a listing of products and<br />
services we are able to provide to any tribal member regardless of location.<br />
Business Development Program<br />
The <strong>Citizen</strong> <strong>Potawatomi</strong> Community<br />
Development Corporation has developed customized technical assistance programs for<br />
both the aspiring entrepreneur as well as the established business. For aspiring entrepreneurs,<br />
the CPCDC helps clients evaluate business ideas and establish a plan to turn those<br />
ideas into reality. Once your business is operating, new opportunities for growth and<br />
development will arise. Training and one-on-one assistance can help make your small<br />
business become more efficient, more productive, and more profitable. Either through<br />
one-on-one consultation, mentoring, or workshop instruction, the CPCDC provides<br />
assistance in key business topics:<br />
• Structuring your business<br />
• Preparing a loan packet<br />
• Managing finances<br />
• Creating a strategic plan<br />
• Government-contracting<br />
• Developing a business plan<br />
• Understanding business legal issues<br />
• Understanding fundamental contracts<br />
• Marketing & advertising strategies<br />
• Conducting market research<br />
<strong>Potawatomi</strong> Business Network<br />
This is a 12-month program that serves as both a training and a mentoring program.<br />
There is a monthly meeting held online, and once a quarter, we meet in person for those<br />
who live in Oklahoma. This program is designed to benefit both experienced and inex-<br />
perienced entrepreneurs.<br />
<strong>Citizen</strong> <strong>Potawatomi</strong> <strong>Nation</strong><br />
Employee Loan Program<br />
Payday loan companies make loans to<br />
individuals in financial distress and charge<br />
APRs ranging from 250% to 1,000%.<br />
Employees of the <strong>Citizen</strong> <strong>Potawatomi</strong><br />
<strong>Nation</strong> have an alternative - loans from<br />
$500-$1,500 may be obtained from the<br />
CPCDC. The Employee Loan Program not<br />
only provides each employee a loan to satisfy<br />
immediate financial needs, but also<br />
offers a long-term solution to financial<br />
hardship in the form of education. The<br />
Employee Loan Program offers guidance<br />
and instruction in the areas of budgeting<br />
and managing credit obligations. It is the<br />
intent of the program to increase the financial<br />
literacy and credit worthiness of its<br />
participants.<br />
Financial Education and<br />
Credit Counseling<br />
The <strong>Citizen</strong> <strong>Potawatomi</strong> Community<br />
Development Corporation is pleased to<br />
announce the opening of the <strong>Citizen</strong><br />
<strong>Potawatomi</strong> Credit Counseling Service. We are here to help you conquer financial problems<br />
and improve your life! Counseling sessions and workshops provided by the <strong>Citizen</strong><br />
<strong>Potawatomi</strong> Community Development Corporation will leave you with the tools to tackle<br />
your finances with confidence. The atmosphere is positive and non-judgmental, and<br />
the solutions are practical and relevant.<br />
Self-Paced Financial Education<br />
This program is comprised of an adult component designed to promote sound budgeting<br />
practices and fiscal self-discipline. The adult program helps participants accumulate<br />
assets for business start-up and expansion, credit repair, and housing. This program creates<br />
a pathway to financial well-being, builds human capacity, establishes banking relationships,<br />
and enables the accomplishment of goals. Program participants receive an<br />
online book and upon completion will receive a certificate to submit to each of the regular<br />
monthly savings.<br />
Credit-Builder Loan<br />
In today’s economy a credit score is a valuable financial asset. The Credit-Builder<br />
Loan Program was designed for those who are first time borrowers or those with past<br />
credit problems. This loan program offers CPN tribal members an active line of good<br />
credit, dramatically improving their credit score and establishing or reestablishing good<br />
credit. Loans are available for terms from 12-18 months.
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