To ease the financial burden of workers with little or no savings or those struggling with prolonged unemployment, no-interest loans are available to help you in your job search. These loans can be used for job search related expenses such as transportation to and from job interviews, childcare arrangements, interview clothes, uniforms, and license fees.
Thanks to the JPMorgan Chase Foundation, you may qualify for a no-interest loan ranging from $50 to $1,000. Borrowers enter into formal loan agreements that detail payment terms, participation in employment-related activities, and financial counseling. Prompt repayment of loans will help you to establish a positive credit history.
To be eligible for a loan, applicants must be identified through a program of The WorkPlace. A service provider must submit a recommendation letter for you. All loan money is paid to directly to a vendor.
Individuals seeking to apply for a JPMorgan Chase Job Start Loan must register for job search assistance at a Southwestern American Job Center.