PHILADELPHIA (CBS) — Thanks to a generous $500,000 pledge from an anonymous donor, furloughed workers in the area can receive interest-free loans during the government shutdown, the Hebrew Free Loan Society announced Thursday. Many federal workers, like TSA workers at Philadelphia International, have been working without a paycheck as the shutdown drags on.READ MORE: Shooting Inside Lancaster's Park City Center Mall Leaves Some Employees Feeling 'Not Exactly Safe'
The Hebrew Free Loan Society is offering those workers no-interest, no-fee loans up to $1,250, to help families survive as bills pile up and savings dwindle. The loans are made possible through a half-million-dollar gift from an anonymous donor.
“Because of a generous donor, we are able to make these non-sectarian loans at this time of uncertainty. We never charge interest or fees for our loans and hope that this support will make a difference for those who need to make difficult choices during this partial government shutdown,” remarked Cheryl Barish Erlick, Executive Director.READ MORE: 2 Separate Chester Shootings Leave Man Dead, 2 Others Injured
Borrowers do not need to be Jewish to qualify for a loan, but they must earn no more than $50,000 a year and live in Bucks, Chester, Delaware, Montgomery and Philadelphia Counties in Pennsylvania or or Burlington, Camden, Gloucester and Mercer counties in New Jersey.
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The loans are required to be paid in full 90 days after the borrowers return to paid work.