In 1984 TCC created an opportunity for low-income families to achieve self-sufficiency through the Family Loan Program. Funded by The McKnight Foundation, the Family Loan Program is a revolving car loan fund for families with one or more dependent children. 

A car is essential for parents living in rural Minnesota and trying to manage work, family and sometimes school. The Family Loan Program can be used for car purchase or repair. To be eligible a person must be employed for at least three months or pursuing a post-secondary education.

Trained, certified TCC Loan Officers administer the program for 14 counties. The Family Loan Program is well designed and self-sustaining. Its long, successful driving record includes a 93 % repayment rate so the loan fund is consistently replenished.

Each car purchased requires a thorough maintenance check-up, an incentive for customers to be smart shoppers and budget for future replacement and repairs. The maximum loan for purchase is $2000; and $700 for repairs. Last year the average loan was $1,700 for car purchase and under $500 for car repair.

To be eligible for the Family Loan you:

• Must be employed three months or longer or have completed at least one semester of school/training in accredited program
• Must have one or more dependent children
• Meet income guidelines of 185% of federal income guidelines
• Must be a resident of Crow Wing, Morrison or Todd County
• Must be unable to obtain a car loan through other lenders
• Must have a valid Minnesota Driver's License
• Must be able to make loan payments and maintain car based on household budget
• Must be able to obtain/afford automobile insurance