Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

New Loan Fund Supports Healthy Food Efforts

 


Our sister organization -- First Nations Oweesta Corporation -- has just announced a valuable new loan program: NATIVE FRESH FOOD FUND!

Is your tribe, Native organization or Native CDFI in need of lending capital to increase access to healthy food in your community? First Nations Oweesta Corporation is now offering a Native Fresh Food Fund (NF3) loan program that operates nationally, providing financing to develop and expand fresh food outlets to Native communities. With funding from the Healthy Food Financing Initiative, Oweesta will increase Native community access to healthy foods through investments in community foods projects.

Acceptable projects include grocery stores, farmers’ markets, food trucks selling healthy goods, mobile grocery stores, corner stores that want to add healthy foods, or tribal agricultural projects. Restaurants are not eligible for this loan program.

Loan capital is not guaranteed and is contingent on having a solid business plan. Contact Oweesta's Lending and Capitalization Manager at emily@oweesta.org or visit http://www.oweesta.org/our-services/lending-capitalization/ for more information on current loan products.

 

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