Community Bank & Trust Launches New Refund Anticipation Loan for Self-Employed
Community Bank & Trust has launched a new Refund Anticipation Loan for self-employed individuals. The loan, backed by a federally regulated financial institution like Fifth Third Bank, provides instant access to funds through a fully online, fast, and secure process. It's designed to support those claiming the SLFL tax credit, established under the Families First Coronavirus Response Act (FFCRA).
The SLFL refund anticipation loan is available to eligible self-employed individuals, including gig workers, independent contractors, and sole proprietors. They can apply through an approved processor working with Community Bank & Trust. The loan offers an advance on tax refunds, allowing applicants to access their funds without waiting for IRS processing.
The loan comes at no cost to the applicant. It requires no credit check or personal guarantee. The tax preparation processing fee is covered by the bank from the loan proceeds. The loan is IRS-compliant, ensuring a legitimate pathway for self-employed individuals to claim their entitled refunds. Community Bank & Trust has conducted extensive due diligence to ensure this.
The SLFL refund anticipation loan is a lifeline for self-employed individuals, providing immediate financial relief. It's a testament to Community Bank & Trust's commitment to supporting those affected by COVID-19, ensuring they can access their refunds promptly and securely.
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