Native American Bank Approved for AIDEA Loan Participation Program

“Becoming an eligible lender in AIDEA’s Loan Participation Program allows us to deepen our commitment to Alaska and to Native-owned and rural businesses across the state,” says Ed Davis, Native American Bank market president. “This partnership expands access to long-term, flexible capital and supports projects that strengthen local economies and create lasting opportunity.”

According to the bank, more than 96 percent of its loans are made to Native borrowers, and nearly 70 percent of its commercial lending supports projects in underserved communities. Since its founding, the bank has deployed more than $432 million in loans to tribal nations, Native-owned businesses, and individuals.

“Native American Bank’s mission and track record align strongly with AIDEA’s commitment to expanding economic opportunity across Alaska,” says AIDEA Executive Director Randy Ruaro. “Their participation strengthens our ability to reach underserved communities and support projects that create jobs and long-term economic value.”

LPP allows AIDEA to purchase up to 90 percent of participating credit, with a maximum participation amount by AIDEA of $25 million. The program offers long-term financing with fixed or variable interest rates and is designed to reduce debt-service costs for borrowers. Loan terms may extend up to fifteen years for personal property and up to twenty-five years for real property, with loan-to-value ratios of up to 75 percent. AIDEA’s term may exceed the originating bank’s term, which can lower scheduled payments. The originating bank retains and services the entire loan, and projects must be physically present in Alaska.

“Adding Native American Bank N.A. as an eligible lender strengthens our ability to partner with mission‑driven institutions that are reaching underserved and rural communities,” says AIDEA Chief Lending Officer Tiffany Janssen. “Their experience in Native and Tribal lending aligns well with the goals of the Loan Participation Program and helps expand access to long‑term financing for projects across Alaska.”

Established by the Alaska Legislature in 1967, AIDEA is an independently governed public corporation dedicated to promoting economic development, job creation, and quality of life for Alaskans through equity investments and loan underwriting.

Native American Bank, N.A. is chartered as a national community development focused bank, the first national American Indian-owned community development bank in the country. It is also a self-sustaining community development financial institution.