BayCoast Bank’s interest-free Emergency Federal Employee Loan Program was created to support essential government employees that have been negatively impacted by the government shutdown. This program provides valuable gap financing to cover basic living expenses for federal employees who are required to work but are not currently being compensated.
Interest-Free for 6-Months!
Reach out today at 508.996.7706 or visit one of our 25 branch locations for more information.
Eligible Federal Government Employees:
- Active-Duty Military Personnel
- Federal Law Enforcement Officers (Border Patrol, Customs and Border Protection, FBI, DEA, Department of Homeland Security, and U.S. Marshals)
- Transportation Security Administration (TSA) Agents
- Air Traffic Controllers
- Emergency Response Personnel
- Federal Prison and Courthouse Employees
- Emergency Medical Care Providers
Terms and Conditions
Interest-Free
Loan Term: 6-Month Term
- No payments for 5 months
- Balloon payment of the entire outstanding principal balance due at the end of the loan term
or within 15 days of receipt of back pay for time worked without compensation
Min/Max Loan Amount $1,000 – $15,000
Approval Process: Loan turnaround time from application to funding within 1 – 2 business days
All loans are subject to credit approval. Employees of the Department of Health and Human Services, National Park Service, Environmental Protection Agency, National Institutes of Health (NIH), NASA, Department of Housing and Urban Development (HUD), United States Postal Service (USPS), Social Security Administration, Department of Veterans Affairs (VA), and Internal Revenue Service (IRS) are not eligible for this loan program. This offer is subject to change and may be withdrawn at any time.