Cash Advances

The University is no longer issuing routine cash advances over $150 to employees for purchase of business-related goods, services or travel. A variety of options exist to significantly reduce the need for cash advances:

• The University Procurement Card is a MasterCard issued by Wright Express that provides an efficient and effective means by which to make purchases and at the same time reduce the costs associated with initiating and processing payment for those purchases. The procurement card is recommended for all travel related expenditures.
• The University maintains open accounts with a large number of vendors. Contact the budget administrator for further information.
• For emergency situations, the disbursements office is able to generate a check within 3-5 hours of receiving the Check Request and other appropriate documentation.

Cash advances for foreign travel will be handled on a case-by-case basis. Contact Karen Albert at 410-617-1357 or kjalbert@loyola.edu for further information. Once permission has been obtained, please complete and submit the request and agreement for funds advance in order for the check to be generated.