Some federal employees who are working but not being paid during the government shutdown can apply for a loan from the state of Maryland, the governor announced.
Maryland’s Federal Shutdown Loan Program provides a one-time, no-interest loan of $700 for Maryland residents who are federal employees and considered essential federal workers, Gov. Wes Moore’s office said Monday.
“It is our responsibility to provide a bridge for those who are working without pay. This loan program is a critical lifeline to ensure that our neighbors can continue to put food on the table and keep a roof over their heads while we await a resolution,” Moore said in a statement.
According to the Department of Labor, the loan is designed to help essential federal employees with food and rent expenses while workers await their paychecks. The loan must be repaid in 45 days after the shutdown ends.
Applicants can apply for the loan now. However, loans only will be issued if the shutdown is still in effect on Oct. 15. If that is the case, the Maryland Department of Labor and the Treasurer’s Office will mail the first batch of loan payments on Oct. 16.
Click here to read the rest of the article written by Danna Matheus over at NBC4 Washington
