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 over 1,385,000 loans to hundreds of thousands of consumers in need. Spotloan prides itself on providing excellent customer service. Our employees, headquartered in Belcourt, North Dakota, seek to exceed our customer expectations to provide the best loan experience possible.

Competitive advantage of being an online loan lender

As a direct lender of online loans, Spotloan is revolutionizing the emergency loan market by utilizing the world’s most sophisticated financial technology. Spotloan uses machine learning through 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 better 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 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). BlueChip was proud to have been honored as “Business of the Year for 2017” by Turtle Mountain.