Loans

Loan Products

We will offer three loan products designed to increase our clients’ financial resiliency and improve their transactional habits and capacities. All loan applicants must be referred by a partner organization.

  • Opportunity Loan: designed to  help borrowers sustainably transition into a position of greater financial stability.
    • Installment loan
    • Amortized over 6 to 12 months
    • $100-$1,000
    • 18% interest, 5% origination fee
    • Financial education required
  • Credit Builder Loan: designed to help borrowers improve their credit and prepare for asset building opportunities.
    • Installment loan
    • Amortized over 12 months
    • $150
    • $25 flat application fee
    • Financial education required
  • Dreamer Loan: designed to help qualifying childhood arrivals under the Deferred Action for Childhood Arrivals program pay the cost of filing their application with immigration
    • Installment loan
    • Amortized over 12 months
    • $465
    • 18% interest, 5% origination fee
    • Loan orientation required

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Loan Eligibility

Any individual referred by a Partner who meets the criteria for a Qualified Borrower is eligible. Click here to learn more about our loan eligibility requirements

Asset-building

We also help broker direct access for our customers to numerous nonprofit asset-building and traditional financial institutions. Many of us need education and support before we can establish the money management skills and credit and banking track records necessary to access opportunities like owning a home, starting a small business, or getting post-secondary education. We recognize the importance of asset development in sustainably transitioning out of harmful financial patterns and much of our financial counseling is geared towards helping people gain the skills and meet the criteria necessary to utilize these programs and begin building assets.