In 2004, the principals of Support Services International, Inc. (SSI) founded NAC to more directly address the problems faced by the Native American business community. SSI is a Native American-owned consultancy that provides systems development services to federal agencies, Native American Tribes, and other organizations.

The principals of SSI realized that a more direct approach was needed to address the private equity and business challenges faced by Indian Tribes when trying to launch new businesses, form partnerships, and raise capital. The principals of SSI formed the NAC team with this purpose in mind, seeking to combine existing Native American know-how with expertise in private equity, business management and entrepreneurship, and all forms of raising capital, including venture capital. NAC began as a merchant bank and private equity firm, but the principals soon realized the need to offer a broader range of consulting services. NAC shifted its purpose to promote Native American business by connecting Tribes with potential partners, helping Tribes launch successful new ventures, and expanding existing businesses.

Since its inception in 2004, NAC has been recognized in multiple ways for its service to the Native American community. NAC has received two Native American Technical Assistance Grants from the U.S. Department of Treasury’s Community Development Financial Institutions Fund (CDFI). In 2009, NAC was recognized by the Native American Finance Officers Association (NAFOA) with the Deal of the Year Award.