Helping Hands Loan Program
Backed by Interim HealthCare
Life happens. We all could use a little help now and then. That’s why Interim HealthCare is here to lend support when you need it through the Helping Hands Loan program.
What is a Helping Hands Loan?
- A no-interest loan of up to $750, intended to assist individuals encountering financial difficulties due to unforeseen expenses that make it difficult to cover essential living costs.
What are the eligibility requirements?
- Employed with Interim HealthCare for at least one year, and working consistently for at least one year prior to loan request.
- In good standing with the company.
- Must not be in the process of applying for FMLA or going out on an unpaid leave.
- Documentation must be supplied to support the amount requested.
How to apply for a loan?
- Complete the required information below, upload copies of your support documents (support documents must be attached to be considered) and sign
- Submit to to local branch manager or administrator for approval.
- Once approved, your manager will submit to IHC Regional Management Center for final approval and funding.
*Note: Any balance will be deducted from your final paycheck. If there are not enough funds to cover the outstanding balance and failure to make arrangements to pay off the loan, a 1099 will be issued at the end of the year for the outstanding balance. This amount will be taxed as income.
**Note: Loans will be granted at the company’s sole discretion based on needs and available funds.
How are funds received if loan is approved?
- If your loan is approved, the funds will be added to your next paycheck as non-taxable.
- In the event of an emergency requiring immediate assistance, a pay card will be issued and can be collected from your local IHC office.
How are payments made?
- The length of the loan is 7 months total. Payments are made through payroll deductions
- A 30-day grace period can be elected and up to 6 months to pay the loan back.
- If grace period is not elected, you have up to 7 months to pay it back.
- Remember, funds are limited, repaying it promptly will enable others in need to access a loan sooner.
