WHAT ARE THE REQUIREMENTS FOR SUBMITTING AN INVESTMENT PROPOSAL TO CIRI?
In general, CIRI does not provide start-up capital for new businesses. However, if you wish for us to consider investment requests, we ask for the following information to be submitted in writing:
- Background information about the business concept and its growth potential,
- Proposed organizational structure,
- Five-year business plan,
- Five-year pro forma financial statements (income statement, balance sheet and cash flow analysis),
- Capital Structure of the proposed business, including amount of capital to be contributed by sponsors,
- Qualifications of the management team, and
- Target value of the enterprise at the end of the five-year period.
This information may be sent to the attention of the Business Development Department.
DOES CIRI PROVIDE BUSINESS LOANS OR OTHERWISE ASSIST SHAREHOLDERS WHO ARE STARTING A BUSINESS?
Neither CIRI nor any of its nonprofit organizations or subsidiaries is chartered to provide financial or technical assistance for starting a business. Assistance may be available through:
- UAA Small Business Development Center 274-7232
- Alaska Growth Capital www.alaskagrowth.com
- The Small Business Administration www.sba.gov
- Bureau of Indian Affairs www.bia.gov
The SBA provides a business loan program, workshops and free counseling on how to start a small business, and you may qualify for federal programs that steer a portion of government contracts to businesses owned by minorities, such as the SBA’s “8(a) Program.” The BIA also administers a small business loan program and provides workshops and counseling on how to start a small business. Additionally, many universities and community schools also provide reference libraries, workshops, and technical assistance on starting a small business, developing business plans, and preparing commercial loan proposals.