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Exodus Lending

Exodus Lending – 2550 University Ave W Suite 200N

5.0 (8 reviews)

Exodus Lending is a Minnesota-based nonprofit organization that focuses on addressing predatory lending in low- and moderate-income communities. Established to provide accessible, affordable alternatives, the organization targets individuals burdened by short-term, high-cost loans and works to reduce debt cycles through its lending and educational initiatives. Its work centers on offering no-interest, no-fee loans designed to help borrowers pay off predatory debt and transition toward healthier financial options, with a clear emphasis on responsible repayment and avoiding further predatory risk. Historically, Exodus Lending has positioned itself as a community-oriented lender that partners with local groups to identify borrowers and provide referrals, aiming to expand access to fair credit practices within the region. Operationally, the entity operates across multiple Minnesota counties, coordinating with community partners to deliver its programs and monitor outcomes. The organization’s activities include administering small-dollar loans, guiding clients through repayment plans, and engaging in outreach to expand awareness of alternative financial services. Through these efforts, Exodus Lending seeks to mitigate the harms associated with predatory lending while supporting financial stability for participants.

Sources & References

Support Exodus Lending on GiveMN!

https://www.givemn.org/organization/Exodus-Financial-Services

We offer Minnesotans interest-free Payday Loan refinancing, so they can get out of the debt trap and back on track financially. Payday Lending is predatory and toxic to our communities. We work to empower these communities and end the payday lending industry

Copy of Exodus Lending - Site Privacy Policy - November 2022-c.docx

https://exoduslending.org/wp-content/uploads/2024/04/Exodus-Lending-Site-Privacy-Policy-04.2024.docx.pdf

requested or received from us, the services in which you are interested, your receipt of informational communications, information regarding your communication preferences, and A 501(c)(3) Nonprofit ExodusLending.org 2380 Wycliff Street, Suite B-100, St. Paul, MN 55114 612-615-0067 [email protected] 1... aggregated with other information on Site visits. We may share information about your use of our Site with our analytics partners, who may combine it with other information that you

[PDF] Minnesota Department of Commerce Report on Exodus Lending ...

https://www.lrl.mn.gov/docs/2024/mandated/241184.pdf

Reporting Requirements: In accordance with the requirements set forth in Laws of Minnesota 2023, chapter 57, article 1, section 2, subd. 3(h), the monthly and annual status reports provided to the Minnesota Commerce Department must include the following criteria: 1) Total number of loans granted;... 2) Total number of participants granted loans; 3) An analysis of the participant’s race, ethnicity, gender, and geographic locations; 4) The average loan amount; 5) The total loan amounts paid back