INCOME ADVANCE
WHAT IS AN INCOME ADVANCE LOAN?
Income Advance loans get emergency funds to an employee within 24 hours, are paid back via payroll deduction, have an interest rate of 20% or less, a loan maximum of $2000, and a payback period of at least 6 months.
Income Advance provides employees with easy access to an emergency loan when they encounter unexpected difficulties, helps build their credit, and encourages savings for the long-term.
WHY CHOOSE INCOME ADVANCE?
Income Advance was designed as an alternative to the more predatory lending options available to people with poor or thin credit. Instead of running a credit check, the key data point used to underwrite these emergency small dollar loans is the borrower's stable employment.
Income Advance provides you a solution to a real and practical employee need and supports engagement, productivity and retention of your greatest asset: your employees.
Step by Step
Income Advance works in 7 simple steps
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