State Bank and Trust Company, a division of Cadence Bank, which has a branch in Gainesville, is offering zero-percent interest consumer loans for furloughed federal employees impacted by the government shutdown, including men and women in the U.S. military, who reside in Georgia. For furloughed employees in Texas, Alabama, Florida, Mississippi and Tennessee, loans will be offered by Cadence Bank.
“We recognize the financial hardship brought on by the government shutdown and would like to do what we can to help alleviate the stress of this situation on impacted government employees,” said Sam Tortorici, Cadence Bank CEO. “With loans at zero-percent interest, we hope those affected can rest a little easier about being able to meet everyday living expenses through the shutdown.”
The loans will be offered in the amount of an employee’s net paycheck and are subject to usual credit approval processes. Loans must be funded into a State Bank checking account. An employee’s most recent pay stub and official federal government-issued employee identification are required as part of the application process.
For more information, visit statebt.com to find the nearest State Bank branch.
The Gainesville branch is located at 500 Jesse Jewell Parkway.
