Tuesday, 02 January 2024 12:17 GMT

Regent Bank Launches Relief Loan Program For Federal Workers


(MENAFN- EIN Presswire) EINPresswire/ -- As part of its ongoing commitment to the community, Regent Bank has announced a Government Shutdown Relief Loan Program to help federal employees affected by the ongoing government shutdown. The program provides quick, low-cost access to funds for those temporarily without pay.

Program Highlights:
● Eligibility: Federal workers impacted by the shutdown
● Loan Amount: Up to twice the verified net paycheck (maximum $10,000)
● Term: Initial 3-month note, extendable for another 3 months if needed
● Rate: 0% APR for the first 3 months; converts to WSJ Prime thereafter if balance remains

Requirements:
● Active Regent Bank checking account with direct deposit
● Verification of federal employment
● Recent pay stub or equivalent proof of net pay
● Minimum credit score of 640

Applications will be reviewed quickly and handled with care by the local banking team. Federal employees can reach out to the bank at or visit their nearest Regent Bank location.

Regent Bank believes in relationships-not transactions-and it is proud to stand with its customers and community.

To learn more, visit /regent-bank-launches-government-shutdown-relief-loan-program-for-federal-workers

Note: 0% introductory annual percentage rate (APR) applies for the first three months. Thereafter, the rate will convert to the Wall Street Journal Prime Rate (currently 7.25% as of 10/29/25) for any remaining balance. Subject to credit approval. Offer available only to furloughed federal employees with verified employment and direct deposit with Regent Bank. Regent Bank is a Member FDIC.

MENAFN03112025003118003196ID1110288137



EIN Presswire

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search