Confederated Tribes of Siletz Indians
Member Login

Other Departments

Natural Resources

Siletz Tribe Revolving Credit Program

The Siletz Tribe Revolving Credit Program was established for the purpose of raising the social and economic status of members of the Tribe to a point where they can secure adequate financing on reasonable terms from another lender, and to finance developments for which other financing is not available. Loans may be made only upon determination that repayments can be made, based upon accepted credit analysis.

The STRCP Board of Directors meets once a month, and makes the final determination regarding credit approval. Siletz Tribal Business Corporation (STBC) staff merely gathers necessary information for the STRCP Board of Directors to make an informed decision regarding loan authorization. The STRCP Board considers credit score, employment history, and debt-to-income ratio when deciding whether to grant credit.

In addition, the program is revolving not the loan. Should you be approved, this is not a line of credit to be refinanced at any time. You must repay at least 90% of your original loan, and show six months of STRCP payment history before requesting a refinance.

Per Capita is not considered a source of income (it is not guaranteed). We also do not loan against Per Capita 

On time monthly payments are expected

There are two loan applications available. Both applications can be obtained at the STBC office. Completed applications, with supporting documentation, can be submitted by mail to the address listed below or in person to Kimbrali Somes at Siletz Tribal Business Corporation.

If you have any questions or would like additional information regarding the Siletz Tribe Revolving Credit Program or times when the STRCP Board of directors meet, please do not hesitate to contact Kimbrali Somes at 877.564.2142.

Siletz Tribe Revolving Credit Program
2120 NW 44th Street, Suite D
Lincoln City, OR 97367
Kimbrali Somes 877.564.2142

 

2014 Application Due Dates