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Access to Emergency Credit is Critical for Today's Employees

Elastic is a new line of credit product for your employees that is linked to your payroll software platform. Elastic is available through your payroll system at no cost to you and as a benefit for your employees.

The Demand for Emergency Credit is Staggering

Number of payday loans issued to employees annually in the U.S. 1

Percentage of employees living paycheck-to-paycheck with no savings 2

Percentage of HR professionals that said personal financial challenges impact work performance of employees 3

Employee Productivity

Elastic was created with employers in mind. We understand the importance of making sure your employees are productive and not stressing about their finances. Elastic is a service that lets employees borrow up to their approved credit limit, whenever they have an unforeseen emergency, and pay it back automatically through their payroll.

Product Benefits

By offering Elastic through payroll and service providers, our software-driven solution drives down cost and risk for providing cash advances. We pass those savings on to the employee in the form of a flexible emergency credit alternative. It's a win-win for everyone involved.

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1Bianchi, Nicholas. (January 2010) "Profiting from Poverty: How Payday Lenders Strip Wealth from the Working Poor for Record Profits." National Peoples Action. Web:

2Shorb, Vince. (December 2011) “Financial Literacy and the Revival of the American Dream." National Financial Educators Council. n.d. Web:

3"Financial Education Initiatives in the workplace." (January 2012) Society for Human Resource Management Web: