Salary Loan Request

We occasionally encounter employees who find it challenging to navigate certain periods of financial difficulty and uncertainty as the result of an unexpected hardship. When these circumstances arise, we will consider a salary loan for employees who qualify. This is an informal program of support and is not intended to be published or advertised as an additional benefit.

Salary Loan Request Process:

1. Completion of the "Salary Loan Request" Jotform and Attestation
2. Executive consideration and/or approval
3. HR notifies of approval (or rejection) to employee and Payroll
4. Payroll will issue funds and explain the repayment schedule

Attestation: 

• I understand that a salary loan is not an obligation of the company to provide and that my request can be denied with or without a reason.
• I understand that if I have a current loan it must be repaid before a new loan will be considered. Further, I will not be considered for future loans until two years after the date the current loan has been repaid.
• I agree that I am requesting these funds in good faith and I have taken reasonable steps to manage my financial affairs before this request was made.
• I certify that I have been employed with CPR for at least 90 days.
• I understand that my request will not be considered if I have given either notice of resignation or have expressed intentions to resign.
• I agree that I have no documented performance or attendance issues in my personnel file. 
• If approved, I understand that the loan amount will be the lesser of my gross paycheck or $2,500.00.
• If approved, I agree to repay the loan within 6 months of receipt. 
• I agree that if my employment is terminated (voluntarily or involuntarily) and I have an unpaid loan balance, any remaining amount due will be deducted from my last paycheck. If my last paycheck does not cover the full unpaid loan balance, I agree to make arrangements to repay the loan within 60 days of my last day of employment.