Community Loan Center of Northwest Indiana
- Ownership Requirement
- Full-time
- Business Type
- Franchise
Affordable loans for your workforce
Provide your employees a safe, cost-free financial benefit that replaces predatory payday lending.
Brand overview
The Community Loan Center is a nonprofit lending program established in 2011 by the Rio Grande Valley Multibank, a certified Community Development Financial Institution. Created to combat predatory lending, the program provides affordable, low-interest personal loans as a safe alternative to payday and car title loans. Employees of participating employers can borrow up to $1,000 with a 12-month repayment term, paying significantly lower fees while repayments are conveniently automated through paycheck deductions. Since its inception, the program has loaned $3.9 million to borrowers in the region, with all earnings reinvested into expanding lending capital and program access.
Availability
We are currently accepting inquiries in these states:
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Why choose Community Loan Center of Northwest Indiana
Provide your team a safe, risk-free alternative to predatory payday and car title loans, saving borrowers hundreds of dollars in fees.
Attract and retain talented staff by offering this valuable employee benefit at absolutely zero cost to your company.
Streamline administration with loan repayments fully automated through simple payroll deductions.
Investment Requirements
Total investment
$265,000–$500,000
Cash Required
$150,000
Franchise fee
$10,000
Total units
20
Real estate required
Not Specified
Growth Trends
Ideal candidate
We seek employers in the Rio Grande Valley looking to enhance their employee benefits package and support their workforce's financial stability. Ideal partners are organizations ready to offer this program at no cost to their business.
Strengthen your workforce by offering a financial lifeline that protects employees from predatory lending. Reach out today to discover how your organization can bring the Community Loan Center to your team.