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.
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
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
IRP
$100 to $250,000
** 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.