The quick loan process is open to active duty Coast Guard military members, Coast Guard reservists recalled to active duty and Coast Guard civilian employees . It is not open to individuals who have an outstanding loan balance with CGMA or who are on the CGMA Restricted List.
An individual may receive a maximum of two Quick Loans within any 12-month period. Assistance requests not meeting these criteria must be processed through the standard application process in
Section 3-D of the CGMA Manual.
A single page CGMA Quick Loan Application CGMA Form 1 (pdf) has been established for use with the Quick Loan Program
Applicants are not required to complete a CGMA Budget form (CGMA Form 15), though the approving authority may require bills or other documentation to support the request
The applicant’s unit Commanding Officer or Officer-in-Charge is the approving authority for Quick Loans
The applicant reads, completes and signs the Quick Loan Application and submits it to the approving authority
The approving authority shall adhere to assistance policy guidelines as set forth in this Manual
Each request shall be considered on its own merits, on a personalized and timely basis, with confidentiality and in a fair and equitable manner
A Quick Loan may not be issued where to do so would entail an exception to CGMA policy
If the request is approved, the unit Commanding Officer or Officer-in-Charge completes section D on the Quick Loan Application
The form and supporting documents, if any, are then taken to the local CGMA Representative for administrative review and issuance of the assistance check
If a Quick Loan request is not approved or upon administrative review the CGMA Representative finds that the loan does not meet the criteria for a Quick Loan, the loan application shall be returned to the applicant, who may submit an application in accordance with the standard assistance request process in Section 3-D of the CGMA Manual
Repayment policies, terms and schedules for the Quick Loan are the same as those for other CGMA loans as set forth in Chapter 5 of the Manual.
Applications are available:
From your CGMA Representative
By calling CGMA-HQ at (800) 881-2462 or (703) 875-0404
Serving the Men and Women of the Coast Guard since 1924
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