Native American Bank Gains AIDEA Loan Participation Program Approval, Expanding Alaska Business Financing

Native American Bank N.A. Has been approved for participation in the Alaska Industrial Development and Export Authority’s (AIDEA) Loan Participation Program (LPP), a move expected to increase access to capital for Native-owned and rural businesses across Alaska. The announcement, made on March 17, 2026, signifies a deepened commitment to economic development within the state.

Expanding Access to Capital

The AIDEA LPP allows the authority to purchase up to 90 percent of participating credit, with a maximum participation amount of $25 million. This partnership will enable Native American Bank to originate and sponsor commercial loans for AIDEA participation, offering long-term, flexible financing options to Alaska businesses.

“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,” said Ed Davis, market president of Native American Bank . “This partnership expands access to long-term, flexible capital and supports projects that strengthen local economies and create lasting opportunity.”

AIDEA’s Support for Economic Growth

AIDEA’s LPP is designed to reduce debt-service costs for borrowers, offering loan terms extending up to fifteen years for personal property and twenty-five years for real property, with loan-to-value ratios of up to 75 percent. AIDEA’s term can similarly exceed the originating bank’s term, potentially lowering scheduled payments. The originating bank, in this case Native American Bank, will retain and service the entire loan.

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

About Native American Bank

Founded in 2001 by twenty tribal nations, tribal enterprises, and Alaska Native corporations, Native American Bank is a national bank focused on serving Native people, communities, governments, and enterprises. The bank operates retail branches in Denver, Colorado; Browning, Montana; and Tulalip, Washington, as well as a loan production office in Issaquah, Washington.

According to the bank, over 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.

Key Personnel

Key leaders at Native American Bank include Thomas D. Ogaard, President and CEO, and Ed Davis, Market President.

Project Requirements

To qualify for financing through the AIDEA LPP, projects must be physically located within the state of Alaska.