Community Loan Center of Northeast Indiana

Operated by the Brightpoint Development Fund, the Community Loan Center (CLC) of Northeast Indiana is an employer-based, affordable, small-dollar loan program that competes directly with payday and car title lenders by offering affordable credit and structure to support repayment. The CLC helps borrowers meet current and ongoing financial obligations and achieve a sense of security in their financial future.

Sustainable and Scalable
The CLC program is designed to be administered by nonprofits as a sustainable social enterprise with the potential to outgrow the need for subsidy by generating revenue for the nonprofit. This alternative, market-based approach was designed to be replicated across the state and beyond. 

Employer Based
All loan funds are provided and administered by the CLC local lending partner, so there is no direct cost to employers to offer this valuable employee benefit. Loans are repaid through payroll deduction, so loan payments are made whenever the borrower is paid. 

Nonprofit Driven
Each CLC program affiliate solicits their own loan capital from grants, program related investments from foundations, or other low-cost debt financing. Bank investors are eligible for credit under the Community Reinvestment Act.

CLC Loan Features:

  • Up to $1,000 loans
  • 18% interest with up to 52 weeks to repay
  • $20 per loan origination fee
  • Employees apply online anytime with fully automated system
  • No cost or risk to employers

Looking to bring this alternative loan program to your community? Become a CLC community lender to build a viable social enterprise or support small-dollar loans by becoming an investor or donor. For more information, contact us!

Contact Us

227 E Washington Blvd.
Fort Wayne, IN 46802
(260) 399-4108