Community LendingWorks was founded in 2011 by NEDCO (one of two nonprofits that became DevNW) to provide safe, affordable loans to people and small businesses who are often left out of the financial mainstream. That might be people with no credit, rocky credit, or who live in rural communities without bank branches. It might be small businesses that are too new or too small to get traditional financing – or that are locating into neighborhoods that are considered risky.
Community LendingWorks believes that people are more than a credit score and businesses are more than a balance sheet; we believe that relationship lending, and access to affordable loans, can help transform families, businesses, and communities.
CLW is a separate nonprofit, but is formally affiliated with DevNW (we share our CEO, COO, CFO, and several members of our board of directors).
In partnership with DevNW, CLW provides:
- Credit-builder Loans
- Consumer Loans
- Auto Loans
- Micro Business Loans
- Small Business Loans
- Small Business Equity Investments
- Affordable Housing Finance
To learn more, or to apply for a loan, visit the Community LendingWorks website.