Interest-Free Loans

On behalf of Share it Forward (SIF), The Community Impact Fund (CIF) offers a 0% interest loan with a flexible payback schedule to individuals in need who are affiliated with the fund’s sponsoring organization. 

To qualify for a loan, an eligible individual (Borrower) applies to CIF for consideration. CIF conducts due diligence to ensure the borrower qualifies for assistance under IRS regulations, CIF policies, and procedures and meets the basic eligibility requirements set forth by the applicant’s sponsoring organization.  Once approved for the Loan, a distribution of the approved amount will be made directly to a bank account provided by the Borrower.

To be eligible to apply for a loan, you must be at least 18 years of age and an individual who is a part-time or full-time employee of Herschend Family Entertainment and has worked for a minimum of six months for the participating property. This program is currently available only for Adventure Aquarium, Dollywood Parks & Resorts, Harlem Globetrotters, Newport Aquarium, and Pink Jeep Adventure Tours employees. It will be rolled out to all Herschend employees later in 2025.

You may also be a seasonal employee who has signed a rehire letter by the requested deadline.  Former furloughed or laid-off employees will not be eligible to apply for this program.

Our programs are designed for current employees only. Immediate family members of employees are not eligible to apply.

To respect the dignity of our employee family to the best of our abilities, your loan application and loan remain anonymous to Share it Forward and Herschend Family Entertainment unless the following situation occurs:  The programming partner may disclose the name and contact information of loan holders to SIF who become delinquent or in default of payment. Loan holders who become delinquent or in default may become ineligible for other SIF programs.

You will agree to these terms as part of the loan Promissory Note that you sign as part of the loan application process.

Approval decisions are made based upon the information provided by the applicant.  Applicants are required to provide a completed application, and must meet the criteria reviewed in the pre-check section of the application.

Loans are based on the needs cited in the application. The minimum loan amount you can request is $500. The maximum amount is $2400.

A repayment schedule will be set up automatically for the full loan amount divided over 12 months. For example, if you take out a $2400 loan, you will have 12 payments of $200 starting 30-45 days after you receive your loan. As part of the application, you must sign a Promissory Note where you commit to paying back your loan. It is an agreement between you as a Borrower and the Community Impact Fund as the loan manager. You must pay back your loan even if you leave your current organization. Remember each time you make a payment on your loan it provides funding to allow someone else to take out a loan so even if you miss a few payments in the first 12 months, we still want you to continue to make payments until your loan is paid off in full. Your loan does not collect interest at any time. 

No, this loan has a 0% interest rate for all of time.

No, at this time,  Impact Loans are not reported to the Credit Bureaus. A soft credit pull is completed as part of the application process but it does not affect your credit score.