Products
Safe, flexible, and affordable financial solutions for individuals and businesses
Certified CDFI
U.S. Department of the Treasury CDFI Fund
What We Offer
10%
Interest rate
For individuals
Consumer Loans
In Arkansas, the percentage of unbanked and underbanked households falls above the national averages, with 9.7 percent of households in Arkansas that are unbanked and 22.6 percent are underbanked according to www.bankon.org. In the state of Arkansas payday lending is prohibited due its predatory nature.
Many low-income communities in Arkansas are credit deserts, with few nearby places to borrow fairly, leaving families without equitable access to the US financial system.
Fortunately, there is a safe and affordable alternative. People Trust is a Community Development Financial Institution loan fund, Certified by the United States Department of Treasury CDFI Fund. Our Consumer Loans are safe, flexible, and affordable.
For small businesses
Flexible Small Business Loans
Small businesses are the backbone of America and are a vital part of the economy. Small businesses help the community by creating jobs and opportunities for individuals and families.
We offer easy accessible, safe, flexible low cost loans to small businesses located in low income communities who may not otherwise receive the opportunity. We look beyond a credit score to the whole business.
People Trust interest rate on all loans is 10% with payback times up to 60 months and no less than 90 days.
Terms
For learners
Developmental Services
At People Trust, we believe that providing access to capital is just one part of the equation. To truly empower individuals and businesses in low and moderate income communities, we must also provide the knowledge, skills, and support they need to succeed.
Our developmental services complement our loan products by offering comprehensive financial education and business technical assistance. These programs help our clients build the foundation they need for long-term financial success and business growth.
We offer
- Financial education
- Business technical assistance