Coronavirus Financial Bridge Loan Program

The Coronavirus Financial Bridge Loan Program provides interest-free loans on a nonsectarian basis to residents of Allegheny, Beaver, Butler, Westmoreland, Washington, and Armstrong counties whose income has been impacted by the COVID-19 outbreak. Loans to individuals/couples are up to $5,000. Loans to small business can be up to $7,500. 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. Small business loan repayment may be deferred longer.

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.

Loan Application
Cosigner Application

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:

• Persons living in the same household as the borrower
• Persons who currently have an HFL loan
• Persons whose income would make repaying the loan a hardship