Hebrew Free Loan Association of Pittsburgh has announced a Coronavirus Financial Bridge Loan Program to provide interest-free loans on a nonsectarian basis for up to $5,000 to residents of Allegheny, Beaver, Butler, Westmoreland, Washington, and Armstrong counties who are facing financial challenges caused by the Coronavirus/COVID-19 outbreak. These loans are intended to address:

Lost wages due to being unable to go to work

Childcare costs due to school closures

Small business losses

Canceled study abroad programs

Related medical costs

Loan applicants must provide written substantiation of these costs.

Applicants must have a family income lower than $115,000.

Coronavirus Financial Bridge Loans are repayable in monthly installments of $150–250 depending on the size of the loan. Repayments begin two months after the loan is received.

A cosigner is required for all loans, unless the borrower is a homeowner with a credit score of 670+. If the borrower or cosigner is married, both spouses must borrow/cosign together.

Who may be a cosigner:

Cosigners must meet the following criteria:

Be residents of Pennsylvania

Have a credit score of 670+

Be younger than 75

If married, both spouses must cosign

Who may not be a cosigner:

Even if they meet the requirements above, the following people may not cosign on a loan: