The Community Loan Center of the Heart of Texas (CLC-HOT) partners with employers in McLennan & Bell counties to offer an innovative, small dollar loan program to their employees.  The CLC-HOT program is offered at no cost to participating employers in their service territory.  When an employee at a participating employer needs a loan, they can apply by clicking on the “Apply Now” button on the CLC-HOT website.

Loans from CLC-HOT serve as a lower-cost alternative to "predatory" payday and title loans. An eligible employee can apply for a CLC-HOT loan online anytime.  The CLC-HOT loan approval process is quick and easy since the entire loan application process is automated and credit underwriting is not required.  After the employer verifies employment of the employee/borrower, the employee signs the loan documents online.  CLC-HOT loan proceeds are then transferred directly into the borrower’s bank account.  CLC-HOT loan repayment plans begin on the employee’s next payday through payroll deduction.  The CLC-HOT earns the interest from repayment of the loans.

CLC-HOT was established as a partnership between City of Waco, Waco ISD, and Heart of Texas Goodwill Industries (HOT Goodwill). As the founding employer partners, City of Waco and Waco ISD partnered with Community Loan Center of Texas to begin offering employee loans in 2015, while HOT Goodwill created the local organization called CLC-HOT. In 2017, CLC-HOT began servicing loans to local employers and working with Waco Foundation to raise the additional capital required to partner with more employers and make these loans available to more local workers. Other partners include Extraco Banks, United Way of Central Texas, Texas Community Capital, Helping Hands (Belton), and the Prosper Waco initiative. 

Community Loan Center the Heart of Texas loans feature:

• No Collateral
• Affordable Repayment Options
• No Pre-Payment Penalties
• Quick Approval
• Streamlined Underwriting
• No Credit Reports