The beginning of each program year often brings changes to the Advance Payments Program (APP) that can affect how you best manage your advance. Below is a summary of changes that may impact your cash advance.
Changes Implemented in 2024
- Interest-free limit is $100,000.
- Interest rate on interest-bearing advances is at prime less 0.25%.
- Administration fee of $250 for application processing.
- Improvements to online application and phone application process—applicants will see only the application pages that are relevant to their specific advance.