On the Road Lending

On the Road Lending is an innovative Texas-based Community Development Financial Institution loan fund that provides low-interest loans for purchasing reliable fuel-efficient cars.

The organization’s mission is to provide safe, reliable, transportation to financially vulnerable individuals, 65% of whom are Black women and 63% being single parents. The company focuses on underserved markets throughout the Southeast, where mass transit is largely unavailable, car transport is essential, and low-income individuals are vulnerable to predatory lending practices. To reduce poverty in these areas and increase access to quality jobs, affordable health care, and fresh food, On the Road Lending leverages an innovative and comprehensive underwriting approach that takes into account the new opportunities that will be available to prospective borrowers—such as jobs and education—once they can access reliable transportation. Goldman Sachs’ $10 million investment will supply auto loans for over 700 Black women across Texas, Alabama, Georgia, and Mississippi.