Looking to purchase, construct, or renovate commercial property? A Commercial Mortgage Loan from SNIEDC can help bring your business goals to life!
The Commercial Mortgage Fund: The Commercial Mortgage Fund is intended to allow our members to purchase, renovate and lever age commercial property on the Seneca Nation Territories. Eligible borrowers are Enrolled members of the Seneca Nation of Indians, corporations, partnerships, and joint ventures in which enrolled members own a majority of the ownership interest and are active in the conduct of business.
How can you use the Commercial Mortgage Loan?
Use your loan to purchase land, acquire commercial real estate, finance new construction projects, or renovate and improve existing commercial properties.
Loan Limit: Minimum: $75,000, Maximum: $375,000.
Fixed interest rate: Minimum 5%, Maximum 9%
Term of repayment: Up to 20 years. *Subject to change based on Prime Rate.
Why work with SNIEDC? Seneca Nation of Indians Economic Development Company (SNIEDC) is a Native, Community Development Financial Institution (CDFI). We thrive to support community development. SNIEDC provides opportunities for eligible enrolled tribal member(s) on Seneca Territory. Call (716) 945-7148 or email info@sniedc.org to learn more!
