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Informatin & Benefits

We are no longer offering new loans as part of this program.

Existing customers can still access their loan at any time.

How does the Small Dollar Loan program benefit employers? 

Financially stable employees are more productive 

Offer an innovative benefit to attract and retain talented employees 

100% free to employers, with minimal time

to administer

Decreases in employer turnover 

Reduces associated costs with financial stress, including absenteeism and illness

Improves company morale

Becoming a participating employer is simple

Contact us to learn more about how you can increase employee productivity through offering the

Small Dollar Loan program at your workplace. 

Frequently Asked Questions
  • Do you pull my credit report when I apply for a loan?
    No, we do not require credit checks on our Small Dollar Loans.
  • What happens to my loan payments if I change jobs?
    If you leave your participating employer while you have a Small Dollar Loan, your scheduled loan repayments will be automatically drafted by us from your checking account, which you provide on your initial loan application. We will draft repayments from your checking account until your loan is paid in full.
  • Can I borrow additional funds?
    Once you pay down half of your orginal loan balance, you can then apply for a new loan. However, a borrower can never have an outstanding loan over $1,000.
  • Are there any fees with the Small Dollar Loan?
    There is a $20 loan fee that you must pay. This fee is built into your loan, so you do not have to pay any upfront costs with the Small Dollar Loan program. The $20 fee does not accrue interest and the re-payment is divided evenly over the 12 month repayment period.
  • Can you help me create a budget?
    Yes! All Small Dollar Loan borrowers are eligible to receive free financial education with Chattanooga Neighborhood Enterprise. We offer a variety of educational opportunities to help meet your financial goals – these include our popular “Money School”, home buying workshops and meeting with a personal financial counselor.
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