JFS Hand Up loan

Need financial help with education, small business loans, business development, job training, car purchase or car repairs, refugee/immigration resettlement, or emergency financial assistance? If you are a resident of San Diego or the Coachella Valley, you may qualify for an interest-free loan with us.

Frequently Asked Questions
What is the JFS Hand Up Loan Program? 
What types of loans does JFS fund?
What types of loans will JFS not fund?
Do I Need to Have a Job? 
How Do I Apply? 
How Much Can I Borrow?
What Guarantees 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? 

Begin Your Application Today

To begin the application process for a JFS Hand Up Loan, download the Pre-Loan Application or Student Application to your computer, complete and save the application, then email it as an attachment to accessjfs@jfssd.org.

Download a Pre-Loan Application>>

Enrolled or enrolling in school?
Download a Student Application>> 

Questions?
Call (858) 637-3010 or email
accessjfs@jfssd.org.


What is the JFS Hand Up Loan Program?
Instead of charity, we believe that interest-free loans encourage dignity and self-sufficiency. Our work affirms the ancient biblical requirement for interest-free lending by offering assistance to people in need, with the goal of helping them to lead more rewarding lives. Loans are available to members of the San Diego community and the Coachella Valley for business and personal needs related to improving self-sufficiency, providing a hand-up, not a hand-out.

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What types of loans does JFS fund?
The purpose of any loan must relate to increased self-sufficiency. Types of loans and maximum amounts are:

  • Education – maximum amount:  $7,500
  • Car repairs – maximum amount of $3,000
  • Car purchase - maximum amount of $7,500
  • Emergencies such as medical or dental - maximum amount of $3,000
  • Resettlement - maximum amount of $3,000
  • Women and children in crisis such as domestic violence - maximum amount of $3,000
  • Small business loans - maximum amount of $7,500

Other loans may be considered on a case-by-case basis such as temporary medical or home care assistance, children with special needs such as diagnostic expenses or medical equipment as long as we are the payer of last resort.

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What types of loans will JFS not fund?

  • Adoption
  • Credit card consolidation
  • In-vitro fertilization
  • Israel experience programs
  • Other requests that are not directly related to increasing self-sufficiency
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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 provide proof that you are in a position to handle the repayments on schedule.

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How Do I Apply?
You will need to fill out a Pre-loan Application to see if you qualify. You will be asked questions such as your name, address, occupation, place of employment (if employed), the amount of the loan requested, and the reason you need the loan. To qualify, you must have two co-signers who reside in Southern California. You may complete the application online by clicking HERE or call us at (858) 637-3010 and we will mail it to you.

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How Much Can I Borrow?
Funds are limited. 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. Maximum amounts range from $3,000 to $7,500, depending on the purpose of the loan and your ability to repay.

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What Guarantees do I Have to Provide?
You must have a verifiable 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 payment amount. As previously indicated, the JFS Hand Up Loan program requires you to provide two co-signers who will be responsible for repaying the loan should you be unable to fulfill your obligations.

Co-signers will have to fill out a financial 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?
Once your Pre-loan Application is received, you will be contacted within five business days to schedule an appointment for an interview with the JFS Loan Coordinator. If you meet all of the qualifications, your JFS Loan Coordinator will assist you with completing the full application. Once complete, the application will be forwarded for further processing to confirm your income and the financial status of your co-signers.

Co-signers will be required to authorize a full credit report. After everything is received and the loan packet is complete, the application is reviewed by an independent loan committee. This process takes approximately seven to ten days before a check is issued. So, the entire process from initial application to loan closing takes about three weeks under normal circumstances.

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How Do I Pay Back the Loan?
JFS contracts with the Jewish Free Loan Association (JFLA) of Los Angeles for loan processing and servicing. You will be given a payment schedule and payments are made by mail with a check or money order payable to JFLA of Los Angeles.

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Is My Loan Kept Confidential?
Your loan is not a matter of public record and will be kept confidential. If the loan is not repaid as required, JFS reserves the right to use legal means to recover funds.

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For more information, call (858) 637-3010 or email accessjfs@jfssd.org.

Stay Connected with JFS

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CONTACT
information
(858) 637-3010
Send an email>>

CLIENT SERVICES
(858) 637-3210

ADMINISTRATION
(General Information)
(858) 637-3000 


JOAN & IRWIN JACOBS CAMPUS
Turk Family Center
8804 Balboa Ave.
San Diego, CA  92123

All communication is strictly confidential.