Impact Loans from Everence

Everence is investing in this community by providing loans to help people build their credit scores, avoid payday lenders and maintain their homes. Impact loans do not require a minimum credit score, so contact us soon to see how we can help you!

Apply online En Español

Impact loans philadelphia Everence

Everence Impact loans

credit builder loan

Credit-builder loan

Establish new credit or build on existing credit history.

Loan amount: $200 to $1,000.
Loan term: maximum of 12 months.
No more than one credit builder loan at a time.
No minimum credit score required.

Available to residents of Philadelphia and the greater Philadelphia area

Apply online

Opportunity micro loan

Opportunity micro loan

An alternative to check cashing and payday lending, these loans provide the opportunity to pay off previous small loans while building credit scores.

Loan amount: $200 to $500. ($1,000 to $2,000, if a previous credit builder loan or opportunity micro loan has been repaid in full.)
Loan term: maximum of 12 months.
Minimum income: $500 per month.
No more than one opportunity micro loan at a time.
No minimum credit score required.

Available to residents of Philadelphia and the greater Philadelphia area

Apply online

Home improvement loan

Home improvement loan

Designed to help with home repairs to prevent small problems from growing into even larger problems.

Loan amount: $5,000 to $25,000.
Loan term: maximum of 60 months.
Fees: $250 non-refundable application fee, collected and applied as a credit toward closing costs.
Minimum income: $500 per month.
Disbursement: Money will be disbursed at closing directly to the contractor(s).
No more than one home improvement loan at time.
No minimum credit score required.

Available to residents of Philadelphia and the greater Philadelphia area

Apply online

What is Impact lending?

Impact lending is investing in the communities we serve by helping people – through loans – build their credit scores, avoid payday lenders and maintain their homes.

Our goal is to help our community thrive by starting with the people who live and work here.

Meet our local team

Kevin Gil

Kevin Gil

Financial Wellness Manager 
P: 888-662-4208 
Habla Español

Contact me

Bryant Keal

Bryant Keal

Community Development Officer
P: 267-541-4832

Contact me

Application

Next steps

If you are interested in applying for an Impact loan:

  1. Call or email Kevin Gil or Bryant Keal.
  2. Or visit our office at Kensington and Allegheny (in the Esperanza Health Center building).
  3. Apply online:

Apply here for a Credit-Builder Loan or Opportunity Micro Loan:

  1. Select “Personal Loans”
  2. Under select a purpose, choose “other”
  3. Complete all requested information and submit

Apply here for a Home Improvement Loan:

  1. Select the “Home Equity” option
  2. Under purpose select “Home Improvement”
  3. In the comments section indicate you are applying for a “Home Improvement Loan”
  4. Complete all requested information and submit