Recovering from a disaster can be time consuming and expensive. Disaster-relief loans provide money to help people and businesses recover from a federally declared disaster.
Additionally, the federal government sponsors loan-repayment programs for people who agree to work on certain types of medical research after graduation, certain graduates who commit to work a minimum of two years for the National
Offering installment loans to your employees can be a great benefit to their overall financial wellness, particularly if they are going through a financial crisis because of a sudden family or personal emergency.
Borrowers know exactly what to expect each pay period. This means employees feel completely in control of their budget.
With the government shutdown now in its fourth week, banks and credit unions are ramping up help to federal workers.
Lenders are typically offering affected workers two primary borrowing options: regular personal loans, some with hardship options, and loans that are based on a regular paycheck.
Be aware, however, that many institutions emphasize that assistance is on a case-by-case basis. Also, some programs target only full-time federal workers, not contractors.
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