Cherokee Nation W.W. Keeler Tribal Complex, health centers and satellite offices will be closed Monday Jan. 18, 2021. W.W. Hastings Hospital emergency services, the Cherokee Nation Marshal Service and Cherokee Nation EMS will still be operational.

Commerce Services

Loan Programs

LOAN TERMS as of March 16, 2020

Prime Currently 3.25%

 

Loan Size

Loan Term*

Collateral

Interest Rate**

Closing Fees

Micro

$100 to $25,000

 

Up to 15 years

Equipment or other property purchased with proceeds of the loan, or personal assets owned by the applicant

Prime, fixed

2% of loan

Business

$100 to $500,000

Up to 15 years

Real or personal property; Equipment or other property purchased with proceeds of the loan, or personal assets owned by the applicant

Prime + 1-3% depending on loan rating*** at time of closing; 1-3 yrs fixed thereafter reset annually

2% of loan

IRP

$100 to $250,000

Up to 15 years

Real or personal property; Equipment or other property purchased with proceeds of the loan, or personal assets owned by the applicant

Prime + 1-3% depending on loan rating*** at time of closing; 1-3 yrs fixed thereafter reset annually

2% of loan

** Loan term based on the conservative remaining life of collateral and cash flow.

** All interest rates are based upon the New York Prime Lending Rate, as stated in the Wall Street Journal on the date of closing.

*** Loan rating is contingent upon the client’s collateral coverage, credit history, cash flow stability, equity investment, and business qualifications.

 

Downloads

  • Commercial Business Loan Supplemental
    This document contains tools for developing your own personalized business plan.
  • Credit Application
    Commercial business loans require the submission of the credit application.
  • Employee Loan Application
    This application is to be used if you are an employee of the Cherokee Nation.
  • Quick Facts Commercial
    The Commercial loan program exists to enhance and secure the financial well-being of Cherokee people, businesses and communities.
  • Quick Facts Consumer
    Consumer loan programs provide affordable access to financing and promote family self-sufficiency through budget counseling and credit counseling.