Welcome to Hoopa Development Fund's website

Physical Location

We are located at 12473 State Highway 96 in Hoopa, CA- Lavae McCovey

What We Offer

Credit Division

Type of Loan	Description of Loan Type	Application Link
Short Term Loans	This program is for any type of personal expenses excluding purchasing a vehicle. The maximum amount offered through this program is $2,000.00.	Short Term Application
Intermediate Loans	Hoopa Development Fund opens this program when funds are available. Applicants can request between $2,001.00 to $10,000.00. There are limited funds for this program, and loans will be given to qualified applicants on a first come, first serve basis. Once the available funds are fully expended, loan applications will not be considered. There is a $25 application fee to apply, and a $100 loan fee upon closing. Applications can be found on hoopadevelopmentfund.com, or you can request one from our office located at 12473 State Highway 96.	Intermediate Application
Home Loans	This program is temporarily suspended except for refinancing to cure delinquency. Please check back in 2021 for an update.	Home Loan Application
Credit Reports	Buy your Credit Report for $15.00	Credit Report Request Form
Credit Counseling	Learn how to deal with Creditors and learn how to deal with the bills that shadow your report.	Contact us for more information
	Other Documents	Co-Signer Application Deferment Request

Application Requirements

To apply for loans through Hoopa Development Fund - Credit Division, applicants MUST be enrolled HOOPA TRIBAL MEMBERS. However, co-signers are not required to be Hoopa Tribal Members. All applications require income verification documentation and approval for obtaining a credit report to determine eligibility. Applications must be turned in by the Wednesday prior to the loan meeting. Regular Loan Meetings are held on the first Tuesday of each month. See our Application Deadline page for a list of dates and other information.

Fees

Applications include a $15 application fee for a short-term loan, and a $25 application fee for intermediate loan. If any application is approved, a loan fee will be charged to process the booking of the loan. Short Term Loan Fees are $25, Intermediate Loan Fees are $100, and Home Loan Fees are $300. Home Loans also include a 5% down payment requirement.

Interest Rates

The Short Term Interest Rate is 11% per annum. The Intermediate Interest Rate is 10% per annum. The Home Loan Interest Rate is 2.5% above the 10-year Treasury Rate at a minimum.

EDA Division

Type of Loan	Description of Loan Type	Application Link
Micro-Business Loans:	This program is for small businesses and small business start-ups. Loans normally range from $20,000.00 to $100,000.00 depending on the business type and available collateral.	EDA Application
Business Loans:	This program is for business expansion and large-scale start-ups. The lending limit for this program is dependent on the type of business and available collateral.	EDA Application

Application Requirements

To apply for loans through Hoopa Development Fund - EDA Division, an applicant's business MUST be located on the Hoopa Valley Tribal Reservation. Applicants are not required to be enrolled Hoopa Tribal Members. All applications require a viable business plan, proof of collateral and value, and proof of income.

We hope to see you again! Check back later for new updates to our website. There's much more to come!