American Flag on Pole
EDER FLAG EMPLOYEE LOAN

Eder Flag
Employee Loan

EDER FLAG EMPLOYEE LOANS:

COMING IN JANUARY 2022! Eligible employees of Eder Flag will be able to apply for loans of up to $2,500 to help with temporary financial needs. 

Eligibility:

Employees must be full-time employees of Eder Flag, must have been employed there for a minimum of 24 months, and be in good standing.  A referral from Human Resources is required.

Loan Documents:

1.    Submit the online application (select below).

2.   Read the confirmation email that you receive after submitting.

Loan Committee Review:

Once all information is confirmed and credit reports are completed, if the applicant qualifies, then the loan committee will meet to review the application.  Once approved, loan documents will be signed and the loan funds will be disbursed.

Repayment:

  • Loan payments are typically $50 per paycheck.

  • Repayment will begin about 30 days after receiving the loan.

  • All payments will be made via payroll deduction.  Should the employee not be receiving paychecks for any period of time during the repayment term, then payments will be collected via ACH payments from the employee's bank account.

EDER FLAG EMPLOYEE APPLICATION