Community Bank & Trust has introduced a Refund Anticipation Loan aimed at self-employed individuals seeking immediate financial relief through the Sick Leave and Family Leave (SLFL) tax credit, also known as the Self-Employed Tax Credit (SETC). This initiative is particularly beneficial for gig workers, independent contractors, and sole proprietors, allowing them to access their tax refunds without enduring lengthy IRS processing delays. The SLFL program, established under the Families First Coronavirus Response Act (FFCRA), is designed to support self-employed individuals impacted by COVID-19. Key features of the loan include instant access to funds, no credit checks, zero upfront costs, and compliance with IRS regulations. Community Bank & Trust ensures a seamless online application process, making it easier for eligible individuals to receive their funds quickly. Steve Jeffries, the bank's president, emphasizes the importance of supporting self-employed individuals who are essential to the economy but often face financial challenges.
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