The present study examined the factor structure of a Spanish-translated version of the Reasons for Living Inventory (SRFL-I; Oquendo, Baca-Garcia, Graver et al., 2000). Participants (N = 168) were from a combined sample of bilingual undergraduate students and monolingual Spanish speaking outpatients at a community health center. Factor analytic results yielded a seven factor structure: Survival Beliefs, Suicide Appraisal, Problem Solving Beliefs, Family Related Concerns, Suicide Self-Efficacy, Moral Objections, and Fear of Suicide. The SRFL-I subscales displayed high internal consistencies, as well as appropriate convergent and divergent associations with depression and suicide indicators. As expected, subscales (Problem Solving Beliefs, Moral Objections, Survival Beliefs, and Suicide Self-Efficacy) from the SRFL-I displayed direct and moderating effects on suicide risk indicators. Results are discussed with respect to how culturally specific beliefs among Hispanics are reflected using the SRFL-I.