Small Dollar Loan Program

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This program is in draft status and is not available yet. A citywide notice will be released when the program is available to employees.

The Community Loan Center of Greater Houston (CLCGH) was created in 2014 by Neighborhood Recovery Community Development Corporation. CLCGH is licensed by the Texas Office of Consumer Credit Commission.

CLCGH is a part of a Statewide coalition of Community Loan Centers working to provide low interest and low fee consumer loans as an alternative to predatory loan products and practices.

Our Commitment

NRCDC created CLCGH as part of its outreach and programming to revitalize communities and to assist individuals and families to build assets and have a better quality of life. Actual events that have happened in the communities that we serve have led us to provide this consumer loan product.

Mission

The mission of the Community Loan Center of Greater Houston is to provide low interest low fee consumer loans through a consortia of employers, and as an alternative to predatory loan products and practices.

Our Solution

In addition to traditional benefits, we offer plans to protect you against medical unexpected events. The City of Houston offers plans that will assist you with your medical day to day and make the most out your finacial future.

A $1,000 loan snapshot of CLC Small Dollar Loan verses PayDay LoanBenefits to employers:

  • Low-interest 12-month loans of up to $1,000
  • Payroll deduction, online origination & servicing
  • Free financial counseling available
  • Helping employees become financially stable at no direct cost to the employer since 2011
  • Increases workplace morale, employee satisfaction at work and retention
  • Fully automated loan processing system for ease
  • Loan program is simple to administer

Features:

  • Low-interest 12-month loans of up to $1,000
  • Payroll deduction, online origination & servicing
  • Free financial counseling available
  • No credit history needed
  • No collateral
  • 12 months to repay
  • No prepayment penalties
  • Loan funds deposited directly into your checking account within one day of employment verification from your company

Ready to enjoy the benefits?

Requirements for approval

  • Minimum age of 18
  • Currently working on the job for three months
  • A bank checking account
  • Valid picture ID and social security card
  • Four personal references

In order to access the Small Dollar Loans program, your employer must have signed an agreement with Community Loan Center.

How to join:

  • Apply online at www.clcgreaterhouston.org
  • Wait for employment verification from your company’s HR department
  • Electronically sign loan documents
  • Funds will be deposited to your bank account
  • Loan may be repaid through convenient payroll deduction

Frequently Asked Questions

Find answers and general information quickly about the Small Dollar Loan Program and how it can help you with your day to day needs.