A trusted specialty lender built around a simple belief: federal employees and working Americans deserve access to fair, affordable financial products — regardless of their credit history.
BMG Money was founded on a simple but powerful belief: dedicated public servants and hard-working Americans deserve access to fair, affordable financial products — regardless of their credit history. Traditional banks often turn their backs on federal employees and retirees because their credit scores don't tell the full story.
We use the federal allotment system — a trusted, decades-old government payroll mechanism — to offer personal loans with transparent terms, automatic repayment, and zero hard credit inquiries. In over 15 years of operation, we've helped tens of thousands of borrowers access the funds they needed when conventional lenders said no.
BMG Money was founded in 2009 in Miami, Florida by fintech and public policy professionals who recognized a significant lending gap. Millions of federal employees — the backbone of American public service — were being underserved by mainstream banks and forced to turn to high-cost payday lenders.
The founders built a lending model around the federal payroll allotment system — a mechanism federal employees had trusted for decades to pay health insurance, retirement contributions, and savings plans. This allowed BMG Money to underwrite loans responsibly without relying solely on FICO scores.
Since then, BMG Money has expanded to serve federal retirees, private-sector employees through partner employers, and qualifying borrowers — while maintaining a commitment to transparent, fixed-rate lending.
Most BMG Money loans are made by WebBank, a Utah state-chartered industrial bank and Member of the FDIC, in partnership with BMG Money as the servicer and program manager. WebBank is a fully regulated financial institution with decades of experience in consumer lending partnerships.
In Illinois, Ohio, and Rhode Island, loans are made directly by BMG LoansAtWork, Inc., a state-licensed lender. All loans are subject to state-specific regulations.
Experienced fintech and consumer finance professionals based in Miami, Florida.
Customer service team available Monday–Friday, 8am–8pm Eastern Time.