Loan Process

[vc_row][vc_column][vc_column_text]To apply, please follow the steps below:

Loan applicant must be Jewish residents of San Diego County, unless one of the following apply: (1) Part of a household with one self-identifying Jewish individual in San Diego County; (2) Work for a Jewish communal organization in San Diego County; or (3) Applying for a business loan in partnership with a San Diego County Jewish resident. Applicants income should be lower than 80% of Average Median income for San Diego county.[/vc_column_text][/vc_column][/vc_row][vc_row disable_element=”yes”][vc_column][vc_column_text]The process to apply for an interest-free loan includes submitting an application, meeting with a Hebrew Free Loan representative, and obtaining qualified guarantors. To apply, please follow the steps below:

Loan applicant must be Jewish residents of San Diego County, unless one of the following apply: (1) Part of a household with one self-identifying Jewish individual in San Diego County; (2) Work for a Jewish communal organization in San Diego County; or (3) Applying for a business loan in partnership with a San Diego County Jewish resident. Applicants income should be lower than 80% of Average Median income for San Diego county.

1. Identify which loan type meets your needs. If you are not sure, please choose the one that seems like the best fit, and we will work with you during the loan interview to finalize.
2. Submit an online application. (Please call or email if you would like a hard copy.)
3. Schedule a video or in person meeting to review your application. (We will contact you to arrange this).
4. Complete additional loan documents, including a promissory note that outlines your legal commitment to repay the loan.
5. Obtain completed guarantor information forms and have your guarantors sign the promissory note.  (Alternatively, family or friends may secure the loan with liquid collateral.)
6. Return completed documents to Hebrew Free Loan of San Diego.
7. Our Board of Directors will review your loan request. If your loan is approved, monthly repayments will begin approximately 30 days after disbursement.

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