The brand new program is designed to let professionals complete the new monetary pit as a consequence of unsecured loans
VSELP Faq’s
Into the later 2006, the latest Commonwealth regarding Virginia Promotion molded a special 501C3 charity so you can assist staff facing an immediate crisis in their family relations. From the donations off employees to the Virginia Condition Staff member Disaster Finance, offers have been made to help you teams facing an unexpected financial you desire caused because of the serious infection of a family member, storm harm to their house, or funeral service costs.
It turned visible you to some team called for a unique particular guidance caused by occurrences that that have been low-problems however, needed specific financial help in order to climate difficult times.
The fresh Virginia Borrowing Partnership, CVC’s companion regarding loan program, might have been assisting condition group with the economic need for more than 80 decades.
To-be eligible for Virginia Condition Teams Mortgage Program you must getting a working complete-big date state staff who has been working to the Commonwealth to own about one year. Group are paid off semi-monthly otherwise month-to-month. Professionals into other pay times or in place of your state-provided ID number commonly eligible immediately. Staff at Separate providers, wage professionals, and you will independent company employees are not eligible right now. Read more