We are considering an employee Hurricane Relief loan up to $2,500- unsecured to employees that have suffered damage caused by the hurricane to assist with deductibles and what ever else. Would this be consumer purpose? Can we do automatic approval? Considering a 24 month loan with first three payments deferred, amortizing over remaining 21 months. Priced at Prime-0.5% fixed.
What do I need to make sure that we are handling correctly?[/i][/color]
Faith is seeing light with your heart when all your eyes see is darkness...