Special COVID-19 Message: a COVID-19 relief loan is just one of many ways we can help reorganize your finances during these difficult times. If you’re experiencing financial hardship and are looking for some guidance and support, don’t hesitate: give us a call or send us a message. Together, we’ll make a plan to get you through this.
As we continue to practice social distancing in the wake of COVID-19, many businesses are finding it hard to keep employees paid and well-compensated. Many individuals are even finding themselves out of work and unemployed. If you’ve recently found yourself experiencing a loss of work, you may be racking your brain for financial solutions that won’t break the bank and help you stay afloat while you file for unemployment and get your budgeting in check. If you need expedited financial assistance during this time, a COVID-19 emergency relief loan is a low-interest solution that won’t put your future finances in jeopardy.
What’s a COVID-19 Emergency Relief Loan?
Just like your typical home equity or auto loan, a COVID-19 emergency relief loan is designed to give you the funds you need as soon as possible. Depending on creditworthiness, you can take out a loan of hundreds or even thousands of dollars. This money can be used to buy necessities like groceries and pay off bills or other costs. If your lender offers delayed payments, you may be set for a few months without having to start paying the loan back. Then, when those few months are up, you will be responsible for making monthly fixed payments with added interest until the loan term is up or until you pay off the loan.
What would I use it for?
If you’ve found yourself experiencing a loss of work during this increasingly uncertain time, a COVID-19 emergency relief loan is the perfect solution for you. After you’ve filed for unemployment, the long wait until your first compensation check arrives in the mail can be exhausting.
Don’t let such a common occurrence keep your family from living a full and happy life. A COVID-19 relief loan is designed to give you the money you need for essentials like groceries, bills, and other expenses while your unemployment check is in transit. Plus, with a low-interest rate, delayed payments, and an ample repayment period, you can rest easy knowing that this loan won’t break the bank.
How do I get the best rate?
As with any loan, finding the best rate for a COVID-19 emergency relief loan is an easy task if you know what you’re looking for. Depending on your needs, finding a decent loan term is your best bet to reduce your monthly payment while ensuring enough time to get your finances together to fund future payments. Your top priority should be finding a loan option that delays payments. Some lenders may offer no payments for the first few months while you get back on your feet. Ultimately, to limit the amount of interest you pay on your principal loan amount, look for a low-interest rate that won’t break the bank.
While all these pointers are a great way to make sure you’re in good hands, always remember to ask questions before signing any paperwork with your lender of choice. This is a big decision—no question is too small. Whether about repayment options, loan flexibility, or creditworthiness, ask as many questions as you need to verify that this is the right loan choice for you.
How can I get started?
Tired of late nights tracking your unemployment check? With rates as low as 6.99%* and no payments for the first 90 days, paying for necessities has never been easier than with our COVID-19 emergency relief loan. To learn a little more about repayment options and interest rates, give us a ring or reach out via email today!
Experiencing financial hardship? Let’s talk.
Right now is a tremendously tricky time. Above all else, we want to help you and your family stay financially stable. If you’re experiencing financial hardship, don’t hesitate: give us a call or send us a message. Together, we’ll make a plan to get you through this difficult time.