S.D. bank offers low-interest loans to laid-off customers
First Dakota National Bank, Yankton, S.D., set aside $2 million in low-interest loans for people affected by layoffs as a result of the recession. Short-term loans of $3,000 are being offered at a 3 percent APR, with no closing costs through Feb. 28, to qualified borrowers who were laid off within 90 days of their application. The loans will be distributed in six monthly installments of $500, with monthly repayment ensuing after the sixth . . .
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