Allow me to inform you of Austin community lender launches option to pay day loans

Allow me to inform you of Austin community lender launches option to pay day loans

Saturday

Raquel Valdez likely to break even yet in about 2 yrs.

Valdez along with her peers at company and Community Lenders of Texas, or BCL, had been getting ready to introduce an innovative new lending that is small-dollar in Dallas, providing about 13,000 town workers an alternative to costlier payday and auto-title loans.

The city Loan Center of Dallas sent its announcement that is first in 2015. By the end for the thirty days, they’d fielded a lot more than 1,000 phone calls, received 482 applications and funded a lot more than $400,000 in loans.

" It had been a crazy thirty days of March," said Valdez, chief officer that is operating BCL, which can be a nonprofit.