About Us

We pride ourselves on being there for our

customers whenever they need us

Who owns Spotloan?

Spotloan is owned by BlueChip Financial, a tribally owned entity organized under and governed by the laws of one of the country’s largest federally recognized Indian Tribes, the Turtle Mountain Band of Chippewa Indians of North Dakota. Since its establishment in 2012, Spotloan has provided almost half a million loans to hundreds of thousands of Americans in need. Spotloan prides itself on excellent customer service - all done from the call center operations on the reservation in Belcourt, North Dakota. Spotloan borrowers love Spotloan, consistently rating it 4 and 5 stars in customer satisfaction surveys.

Competitive advantage of being an online loan lender

As a direct lender of online loans, Spotloan is revolutionizing the emergency loan market by teaming with some of the world’s most sophisticated FinTech vendors. Spotloan uses machine learning (artificial intelligence) and big data to detect fraud and predict payback. We provide online loans directly to borrowers through desktop or mobile devices, underwriting those loans in a matter of seconds without making the applicant fill out a lengthy application. Spotloan is dedicated to providing fair and transparent access to credit. Without the overhead costs of brick-and-mortar locations, and by doing a better job of detecting fraud and predicting payback, we’re able to offer borrowers access to emergency capital that many other lenders can’t. We can offer loans to “thin file” borrowers, the unbanked and the underbanked at up to half the cost of other small-dollar lenders, payday companies and pawn brokers, without the hidden fees—such as origination, rollover, and missed payment fees—that others often charge.

Impact of BlueChip Financial for economic development

Spotloan is an important part of economic development for Turtle Mountain. We provide much-needed opportunities to a community facing major job losses and unemployment rates of more than 65%. Spotloan also provides critical revenue to the tribal government for its many community programs such as food and housing assistance; natural gas winter heating assistance; job training; suicide prevention; mental health counseling; community college curriculum, faculty and facilities; early childhood education and parenting programs; drug addiction treatments; gang prevention efforts; and healthy living programs (such as the dialysis center, healthy eating programs, and physical fitness facilities and programs). BlueChip was proud to have been honored as “Business of the Year for 2017” by Turtle Mountain.

 
 

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SpotloanSM is a brand owned by BlueChip Financial, a tribally-owned entity organized under and governed by the laws of the Turtle Mountain Band of Chippewa Indians of North Dakota, a federally recognized Indian Tribe. BlueChip is located on and operates within the Tribe’s reservation.

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Please note: This is an expensive form of credit and is intended only for short-term financial needs. Spotloans are designed to help you deal with emergencies such as rent, medical bills, car repairs, or expenses related to your job. Spotloans are not intended to solve longer-term credit or other financial needs, and alternative forms of credit may be better for you, including borrowing from a friend or relative; using a credit card cash advance; taking out a personal loan; or using a home equity loan or savings. Contact one of our relationship managers to discuss if a Spotloan is right for you.