hebrew free loan

"…I was able to became more valuable in the HVAC repair market and found many new customers. This loan helped me to survive at the hard time. Thank you."

Need financial help with business development, job training, a car for transportation to work, adoption, summer camp, or emergency financial assistance? If you are a Jewish resident of San Diego, you may qualify for an interest free loan with us.

Frequently Asked Questions
What is the Hebrew Free Loan?
Who Can Borrow?
Do I Need to Have a Job?
How Do I Apply? 
How Much Can I Borrow?
What Guarantee Do I Have to Provide?
How Long Does it Take to Obtain a Loan?
How Do I Pay Back the Loan?
Is My Loan Kept Confidential?
Is the San Diego Hebrew Free Loan Association a Charity?

What is the Hebrew Free Loan?
Hebrew Free Loans are given for business and personal needs related to Jewish continuity. Adoption, Jewish summer camp, emergency financial assistance, job training, and business development are just some of the goals that HFLA can assist with.

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Who Can Borrow?
Hebrew Free Loans are interest free loans available to members of the San Diego Jewish community.

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Do I Need to Have a Job?
Not necessarily, but you must have the ability to repay the loan through some occupation or business and give some assurance that you are in a position to handle the repayments on schedule.

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How Do I Apply?
You'll need to fill out a form with questions such as: your name, address, occupation, place of employment (if employed), the amount of the loan requested and the reason for its need. All qualified applicants will be personally interviewed before a loan is authorized. To qualify, you must have a co-signer who lives in Southern California. To request an application, please call (858) 637-3007.

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How Much Can I Borrow?
Funds are limited. In order to meet all requests for a loan, the maximum amount that can be borrowed is largely governed by how much money is available and the amount you can repay on a monthly basis.

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What Guarantees Do I Have to Provide?
You must have a source of income and show you are able to repay the loan. You will have to sign a Promissory Note in the amount of the loan. This will detail the schedule of repayments and the amounts. The Association also requires you to provide co-signers as follows:

One co-signer for loans under $3,000
Two co-signers for loans above $3,000

Co-signers will have to fill out a statement and a guarantee in the amount of your loan. They will be contacted if you are in arrears with any of your scheduled payments.

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How Long Does it Take to Obtain a Loan?
The Loan Committee must first confirm your employment or your source of income and the financial status of your co-signers. The Loan Committee meets one time a month to assess applications. Emergency loans may be available within one week if all conditions are met.

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How Do I Pay Back the Loan?
You will be given a payment schedule and payments are made by mail with a check or money order or may be paid in person at the Jewish Family Service - Turk Family Center.

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Is My Loan Kept Confidential?
Your loan is not a matter of public record, but your credit will be verified. If the loan is not repaid in good time, the Association reserves the right to use legal means to recover funds.

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Is the San Diego Hebrew Free Loan Association a Charity?
No. The purpose is to bolster the financial independence, dignity, and self respect of men and women in the San Diego Jewish Community. To help one fellow Jew overcome financial hardship strengthens the entire community.

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For more information, call (858) 637-3007 or email.

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CONTACT
information

(858) 637-3007
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Turk Family Center
8804 Balboa Ave.
San Diego, CA  92123

All communication is strictly confidential.
 

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