AKIPTAN
GENERAL FINANCING
FINANCING NOTICE
Akiptan continues to have a record demand of applications and while this means that our style of financing and technical assistance is needed, it is also generating a longer waiting period during the application process. However, our staff is doing the best that they can to process all applications in a timely manner, while also making sure that borrowers continue to receive proper technical assistance and beneficial financing. Please know that the timeline is currently a few months out from application submission to the Loan Committee for review. If you have concerns about the timeline of your application, please reach out to your loan officer or email us at info@akiptan.org.
GENERAL FINANCING
The General Loan allows for operators to borrow up to $250,000 in order to grow their operation. We offer technical assistance as well as our financial literacy component that goes along in order to build operational knowledge. Anyone over the age of 18 years can apply for the General Loan funds which can be paid back over seven years, with a 5 year interest only period added if the producers chooses so. There is a digital copy of the application to the right which can be filled out and mailed to our office at PO Box 858 Eagle Butte, SD 57625 or emailed to our office at info@akiptan.org. Supplemental documents may be required before final loan review.
“I was terrified to borrow money, but they made the whole loan process a lot less scary. Akiptan is so helpful and very personal,” says Melinda - Morning Light Kombucha