The Community Loan Center (CLC) of Dallas was established in 2014 in order to offer low-interest, low-fee personal loans to employees of enrolled employers as an alternative to high-cost payday and auto title loans.
The CLC of Dallas is a program of the 501(c)3 nonprofit Business & Community Lenders (BCL) of Texas . Founded in 1990, BCL of Texas is a Community Development Financial Institution (CDFI) certified by the United States Department of Treasury and a licensed lender regulated by the Texas Office of Consumer Credit Commissioner (OCCC). Our mission is to build strong communities through economic development programs that promote asset-building, homeownership, and small business growth. Partners and supporters of
When an employee applies for a loan, we ask you to verify their employment. Once approved, we send you the employee’s loan repayment schedule so you can set up the automatic payroll deduction.