Credit Builder Loan

About the Loan

The Chehalis Tribal Loan Fund is dedicated to improving the lives of the Chehalis Tribal community through programs that educate and promote asset building. The credit builder loan is designed to assist our customers to improve their financial well-being. Credit-builder loans can be used to pay off collections, consolidate debt, and reduce interest rates, and improved family discretionary dollars. The credit builder loan has a maximum amount of $10,000.

Eligibility Guidelines:

  • Loan applicant must be an enrolled member of the Chehalis Tribal or a resident of the Chehalis Reservation.
  • Applicant must complete an assessment and application, have verifiable income, complete a personal budget, and attend a financial education.
  • Applicant must have completed a One-year financial plan outlining how his or her personal finances will improve.

Loan terms:

Loans up to 48 months, maximum up to $10,000, interest rate currently ranges from 7.75% to 13% (rates may change on a quarterly basis based on the federal prime rate.) Collateral value after discount must be at least 50% of loan amount.


  • Pre-Loan
    • Schedule a meeting with the Loan Coordinator to assess customer’s needs and go over loan application
    • Complete financial education and credit training.
    • Complete loan application, including all required attachments.
  • Loan
    • Loan Committee approves loan.
    • Sign loan documents & secure collateral.
    • Proceeds of loan are paid directly to verified past-due creditors.
    • Automatic payments, if applicable, are set up.
  • Post-Loan
    • Meet with CTLF Fund Financial Advisor monthly or as otherwise indicated in the loan agreement documents.
    • Run annual credit checks and review with customer.

Credit Builder Application

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