The Turtle Mountain Band of Chippewa has teamed up with a financial service company run by a former Google executive to launch an online lending business.
The tribally-owned BlueChip Financial opened an office in Belcourt July 5 with 12 employees. Additional hiring is planned as business grows.
BlueChip Financial is offering a product called Spotloan, a flexible installment loan for people around the country who have difficulty obtaining traditional bank loans. People can use the online service to borrow between $300 and $800 under current loan limits for three to eight months.
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