Small Dollar Loans

We offer affordable, low-interest employment based loans of $1,000 with no credit checks or collateral.

But 58% of Americans don’t have $1,000 in their bank account to cover these life events.

In Missouri, the annual percentage rate is 452% on payday loans.

An average payday loan borrower is indebted 5 months out the year – this equates to paying $958.39 in fees to borrow $500 for 5 months.

At the Community Loan Center, we give borrowers 12 months to repay their loan with a maximum APR of 21.8% (based on $1000 loan, 18%, with monthly payments and $20 administrative fee)

Small Dollar Loans

  • $1,000 Loans available
  • 21.8% maximum APR 
  • No credit history needed
  • No collateral needed
  • 12 month repayment, with no prepayment penalties
  • Affordable monthly payments through convenient payroll deduction
  • Loans can be used for any purpose
  • Free financial education and counseling