What Is An Impact Loan?

It’s a 0% interest, charitable loan provided by Share It Forward to Herschend Employees. With an Impact Loan, repayment takes place over a 12-month schedule and is set up to be automatically debited from the participant’s bank account on the day of their choosing. This loan helps to bridge cash flow and pay emergency expenses without accruing extra fees or increasing high-interest debt.

These loans allow us to meet the very real needs of our Herschend family while also restoring dignity to those receiving the funds. 

This fully automated, tech-enabled process was built around respecting the dignity of the applicant and participant. The loan process itself is managed by our partner, the Community Impact Fund, allowing for the process to be completely anonymous from application to pay off. Please note: There are some situations such as extended loan default where Share It Forward is authorized to receive information on default accounts.  

Funded entirely by Share It Forward, this is a way for our organization to show support and give a hand up to Herschend employees who need it most.

Impact Loans are a way to help you achieve financial well-being by giving you access to an interest free loan that has a flexible payback period and also helps you save for emergencies.