Purpose:
To help individuals with disabilties begin a credit relationship with a community lender, to establish a reportable, postiive line of credit and replace other asset-stripping debts (payday loans, title loans, etc.) with asset building credit.
Use of Funds:
There are no restrictions on how the loan can be used. Pay debts, pay off title loans, personal use, paying bills, etc
Eligibility
Applicants must be a person with a disability or family/guardian of a person with a disability and be a resident of Georgia.
General Financing Provisions
- Collateral Requirements: None
- Interest Rate: 4%
- Amount: $350-1,000
- Term: 6-18 months
- Fees to Borrower:
- No application Fee
- Late Payment: $25
- Returned check: $25
The application begins on the next page, in preparation of filling out the application please gather the following items:
- Proof of any income you are declaring
- Proof of disability
- Proof of GA residency
- Information on your income and expenses