Coulee Dam, WA – The Northwest Native Development Fund (NNDF) makes another small business loan in Indian country. Brian Nissen, Chairman of the Boar of the Colville Security company, recently led the company to provide security services for Chief Joseph Dam. Colville Security is an 8a certified company that is now employing over 28 people on (and around) the Colville Indian Reservation.
Due to a natural delay in billing cycles, the fledgling company needed funds to purchase some necessary equipment at the front end of the new deal. That led them to the Northwest Native Development Fund and the relationship is a natural fit. The NNDF was able to provide the working capital funding needed to bridge the billing gap.
“This is a case where the NNDF has shown a natural fit as a financing entity. The business gets the job, hires the people, purchases the equipment and NNDF provides the ‘first in’ financing where no one else could do it.” said Ted Piccolo, executive director of NNDF (pictured with Brian Nissen).
The NNDF looks forward to serving the Native owned security company on further cashflow needs as they continue to grow and add more jobs to the Colville Indian Reservation and surrounding communities.
About The Northwest Native Development Fund
The Northwest Native Development Fund seeks to foster economic and financial independence for Native people by assisting in the development of personal assets through financial and entrepreneurial education as well as providing access to capital through creative lending products. NNDF will promote this mission by increasing home ownership and economic opportunities.
For more information on the NNDF, go to www.thenndf.org.