Credit/EDA- Hoopa Valley Tribe

Located off Highway 96 in Downtown Hoopa
PO Box 1307
Hoopa, CA 95546
(530) 625.5565
(530) 625.5181 Fax
credit@hoopa-nsn.gov

Office Hours: Monday through Friday, 8am to 5pm

Formerly the Tribal Credit Program, we consolidated both Tribal Credit Program and Economic Development Administration (EDA) by Hoopa Valley Tribal Council resolution in May of 2001. The effect of the consolidation was to bring the two programs together. Hoopa Development Fund has two divisions: Credit and EDA. Credit Division focuses on personal loans, home loans, and Educational loans using four programs with separate criteria for Hoopa Tribal members. EDA focuses on business and micro-business loans for Hoopa Valley Indian Reservation community members. Applications for both divisions are readily available. Stop by the office anytime during business hours to pick up an application or you may download the forms here.

Click Here for the Short-Term Credit Loan Application

Click Here for the Intermediate-Term Loan Application

Click Here for the Long-Term Credit Loan Application

Click Here for an Educational Loan Application

Click Here for a Home Loan Application with Checklist

Click Here for a Co-Signer Application

Click Here for the 2002 Hoopa Development Fund Brochure

Credit Division

Credit Division provides loans to Hoopa Tribal members using four programs, some with differing criteria. The main program for Credit Division is the Long Term Program. The primary focus in the Long Term Program is to provide home and home-improvement loans to Hoopa tribal members. Credit Division can loan up to $100,000 to eligible tribal members for the purpose of building or purchasing a home. The Intermediate Loan Program is used for a variety of loan requests with the main feature in this program being, a less restrictive lending criteria. Potential borrowers can apply for up to $10,000 and can use the loan funds for home improvements or debt consolidation. Loans for other purposes are determined by the loan committee. Those who have education funding needs beyond the availability of federal, state or tribal loans or grants may apply, on a limited basis, for an education loan. Eligible tribal members can be approved for up to $5,000 as a lifetime maximum loan amount. The Short Term Program has the most readily available funds. Eligible tribal members may apply for up to $2,000. All loan applicants must show an ability to repay a loan and must have established good credit.

EDA DIVISION

EDA provides loans to community members of the Hoopa Valley Indian Reservation. There are two types of loans that EDA provides:

1. Micro-business loans are used for small business start-ups. Small business loans average $20,000 and can be as high as $100,000 depending on the business type and availability.

2. Business loans are used for expansion of existing loans and for large-scale start-ups. The lending limit is dependant upon the type of loan.

All business loan applications must be accompanied by a viable business plan. The loan committee will evaluate the submitted plan against the economy and also will consider the applicant’s ability to assist the business in succeeding.