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To whom does PLFC provide business loans?
PLFC provides loans to Gila River Indian Community members. Loans to business entities must be 51% controlled and owned by Community members to qualify.
What is the minimum and maximum amount one can borrow?
The amount one can borrow will be determined by the financial capability of the business plan. Loans range from $400 to several million dollars.
How long are the loans for and what interest rate does PLFC charge?
The terms and interest rate will vary based on the amount of the loan, source of repayment and the risk of the business proposition. Recently, PLFC has charged interest rates ranging from 3.5% to 8.%. The loans are primarily fixed rate loans.
Do I have to submit tax returns?
Three years of personal or business tax returns may be required .
Does PLFC finance new cars and personal computers?
PLFC does not provide personal loans for cars or computers. PLFC will finance all items approved in a business plan.
Does PLFC require collateral?
PLFC does require collateral in most cases. The use of Community member’s property is considered collateral for PLFC loans.
- American Indian Chamber of Commerce of Arizona
The American Indian Chamber of Commerce of Arizona (AICCAz) was founded in 1995 and incorporated as a non-profit organization in 1996. The focus of the Chamber is to provide a format for American Indian entrepreneurs to promote their business, for corporations to connect with American Indian businesses, to act as a liaison on tribal economic development issues and to offer the best in resources, training and networking for the American Indian business. AICCAz offers our members the opportunity to exchange ideas and information with business owners throughout the state
- National Center for American Indian Enterprise Development
The National Center is a non-profit organization, founded and directed by American Indians, committed to Business Development for Indian People. The National Center is the first national organization solely dedicated to developing American Indian economic self-sufficiency through business ownership.
- National Congress of American Indians
Now as in the past, NCAI serves to secure for ourselves and our descendants the rights and benefits to which we are entitled; to enlighten the public toward the better understanding of the Indian people; to preserve rights under Indian treaties or agreements with the United States; and to promote the common welfare of the American Indians and Alaska Natives.
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- Central Arizona College Small Business Development Center (CAC SBDC)
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- Bizplan (fee to create a business plan)
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- Palo Alto Software (fee to create a business plan)
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- Call Pima Leasing & Financing Corporation (PLFC) to set up an initial meeting to discuss your business idea. For business or agricultural loans contact our Business Analyst, at (520) 796-2454.
- Over the next couple of months you will work with PLFC staff to build a business plan and financial model. During this time PLFC staff will provide as much input as you desire.
- PLFC requires certain documents as outlined in the Loan Document Checklist (link) and will work with you to complete your package.
- An individual’s credit report will not disqualify one for a loan and PLFC offers credit repair services. The Loan Rating Evaluation worksheet (link) will assist PLFC in determining the risk and basis for forwarding or not forwarding the loan request to the loan committee.
- Once approved for a loan, PLFC’s staff will work with you as much as you desire. Their experience may be helpful as you tackle the challenges presented in the market
Pima Leasing & Financing Corporation (PLFC) has established services that will assist Community members in starting and running new businesses, as well as expanding existing businesses. While providing the essential elements of a business plan, PLFC will assist Community Members in the development of a business plan. PLFC will also assist in the research of the proposed business, reviewing the business plan and forecasting the financial projections and results of operations, to present to the Loan Committee.
PLFC’s business loan process begins with a meeting to discuss your opportunity. Since everybody is starting with different skill sets and are attempting business opportunities with varying risks and challenges, there is no one business plan. The process of building a business plan and financial model can be time consuming and requires a great amount of patience. The Business Plan needs to convince the Loan Committee that the business is viable. This plan will also be a useful tool for communicating the goals and expectations of the business, setting objectives and monitoring milestones. A detailed plan is a proactive way of anticipating roadblocks and developing strategies to deal with them.
Business Plan Development Process
Give us a call and submit a Loan Intake Sheet (link) to be assigned a Business Analyst. Clients will meet with the Business Analyst for as long as it takes to complete the Business Plan. The client will have “homework” or research to complete with the assistance of a Business Analyst.
PLFC requires certain documents as outlined in the Loan Document Checklist (link) and will work with you to complete your package.
In your Preliminary Marketing Plan, questions that you need to consider:
- What products or services will you sell?
- Who will you sell to and at what quantity?
- Where and how will you deliver?
- What will be the costs to produce, sell and deliver?
- How much will you charge?
Pima Leasing & Financing Corporation (“PLFC”) manages the Gila River Indian Community’s (“Community”) trust land resources for agricultural leases within the Community. A major component of an agricultural lease is compliance. PLFC has assisted the Community’s Department of Environmental Quality, Department of Public Works and Gila River Indian Community Utility Authority in ensuring lessees are adhering to tribal ordinances as well as paying their utility bills.
Agricultural Leasing Process for Community Land
- An Agricultural Lease Proposal is submitted to the Bureau of Indian Affairs (“BIA). Forms are located at the BIA-Pima Agency.
- Pre Leasing Meeting: BIA, Department of Transportation (DOT), Gila River Indian Irrigation & Drainage District (GRIIDD) & Pima Leasing & Financing Corporation will meet to review the lease proposal, which includes land, rental rate, water, infrastructure availability.
- If the lease is approved at the Pre-leasing Meeting, PLFC will forward the Consent Forms with recommendation to the Gila River Indian Community’s Executive Office for the Governor’s signature.
- PLFC will forward signed copies of signed Consent Forms via email to BIA, GRIIDD and the Office of General Counsel (OGC)
- BIA will prepare the lease and send a fully executed lease hardcopy to PLFC. PLFC will forward a copy to GRIIDD & OGC.
- Lease payment will be processed through the BIA Lock Box and processed for electronic payment to GRIC Finance.
BIA Lease Oversight
- Land owned by individual Community Members
For further information, please contact the Realty Office at (520) 562-3376 or
Cecilia Baker-Martinez, Pima-Agency Superintendent.
Address: 204 W. Pima St., Sacaton, Arizona 85147