Businesses Chip in for Coasties

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Businesses Chip in for Coasties

The government shutdown is now at day 25, but more importantly is that today is the day that many federal workers were to be paid.  Including the United States Coast Guard.  Coast guard station Siuslaw is home to 38 service personnel none of whom will receive any money today.  Efforts in the Florence community have been focused on how to help the coast guard servicemen and women make their bills during the longest shutdown in the history of the United States.  One of the biggest obstacles is that coast guard employees cannot be singled out for discounts or monetary donations due to government regulations.  However they can take advantage of any services offered to the general community.  In addition a coalition of businesses have gathered together to provide services or supplements to services that fall within the parameters of the regulations.  Oregon Pacific Bank has announced a Restricted Line of Credit for furloughed federal employees who are not receiving a regular paycheck. Current federal government employees can stop by their local Oregon Pacific Bank branch and apply for a special line of credit that will allow for monthly advances equal to their net take home pay, up to a maximum of $10,000 total for six months.  This special program is offered with no fees at a 0% interest rate for six months after the loan is funded. No monthly payment is due until the loan reaches maturity after six months, or upon receipt of retro-active

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