Oyate cdfi is all about creating a vibrant small business community which enhances the quality of life within it.
Personal Money Management:
Focus on small and startup businesses, personal finance has a very significant impact on the process of starting or expanding a small business.
Credit scores, credit reports, borrowing money, personal and family budgeting, saving, setting goals, and other discussion topics in credit counseling sessions.
Credit Builder Loans:
Small loans of $3,000 or less are designed to establish positive credit that gets recorded for public records at credit reporting organizations.
Personal Money Management Worshops:
These are opportunities for individuals to learn about personal and family money management.
VITA (Volunteer Income Tax Assistance)
Provides free income tax preparation service to individuals with relatively simple income tax returns.
Agriculture is the most significant primary sector segment in the Standing Rock Community. It consists mostly of cattle ranching with corn, sunflowers, wheat, and other crops/ livestock enterprises supplemeting the ranching system.
Ag Borrower Training & Entrepreneurship workshops:
A modified on-line version of this instruction is also available, please contact OyateCDFI for more info. The class/worshop meets the borrower training requirement of Farm Service Agency (FSA). Topics include concept develpment and goal setting, preparing balance sheets, income and expense prjections, and cash flow projections. Farm and ranch accounting training is also included the the class/workshop.
Assistance with FSA loan Application Process: Oyate CDFI staff will assist farm an ranch loan applicants.
Three day all day workshops are conducted to provide the opportunity to complete the entrepreneurship training without a long term commitment. Topics include developing a business concept, products and services, market analysis, market strategy, developing cash flow, and income/expense projections for the business.
One-on-one Consultation and Business Plan assistance:
TBIC Director provides business plan assistance, consultation on getting capital to implement a business plan and consultation on other business related issues.
Small Business Loans:
Oyate CDFI is housed at the Entrepreneurial Center and offers small business lending. Oyate CDFI is limited to $50,000 and to non-real estate purposes.
300 and 600 square foot business space sites are available in the business incubator. Spaces can be used for office and business admin., retail, production and other uses . Business incubator provides a place for an early stage business to establish itself and prepare to utilize a larger space when ready.