ROANOKE, Va. (WFXR) – The Total Action for Progress (TAP) has announced the SEED Alternative Loan Program to support families.
TAP announced the program on Monday, November 18, and will be an affordable solution for families in financial need, especially during the holidays.
TAP’s Financial Services, SEED Capital Inc. is committed to providing accessible and fair financial support to communities and this program is set for the mission.
The SEED Alternative Loan Program will offer low-interest loans up to $500 along with easy repayment plans flexible for specific needs. This is a way for families to cover seasonal expenses.
Repayment options are over a three or four-month period without the financial strain of loans. TAP also encourages women and minorities to apply to have a form of financial resources and aid.
There is an easy screening process for eligibility for the application project, which makes it easy for individuals to access support.
The qualify for the SEED Alternative Loan Program, applicants require the following:
- Have a minimum of six months at their current place of employment (loans cannot be granted based on disability income),
- Provide two most recent pay stubs,
- Have no existing garnishments or tax levies,
- Present a valid Social Security Number and government-issued ID,
- Maintain a permanent residential address, and
- Agree to a soft credit check.
TAP is a way to access affordable financial resources and SEED is a way to aid local families and individuals with seasonal expenses.
Contact Robert Humphreys for more information by calling 540-283-4856 or email at robert.humphreys@tapintohope.org.