Local community members are the backbone of communities.
With our Consumer Loan Fund, we are able to stimulate economic development in the area by providing affordable financing to local community members who have found themselves in the payday lending trap.
Eligibility
Eligible Counties Include:
- Anderson
- Blount
- Carter
- Cumberland
- Hamblen
- Jefferson
- Knox
- McMinn
- Monroe
- Rhea
- Washington
Eligible Uses of Funds
- Pay off payday lending loan balances
Security
- Gainfully employed and able to repay the loan
Interest Rates
- Below market rates
- Based on loan amount
Loan Limits
- Up to $1,000
Loan Terms will depend on:
- Loan purpose
- Loan amount
