Small Business Loans
Small Business Loans are available to assist with many business expenses, including to launch, expand, or acquire businesses in San Diego. Funds can be used for working capital, equipment, machinery, inventory, construction/renovation, start-up expenses, or bridge loans. Purse an HFLSD interest-free, cost free loan to assist with growing or expanding your small business needs. (Up to $20,000)
Loan Applicants
- All business loan applicants (including situations in which a loan applicant has non-Jewish business partners) must have an ownership interest and an active role in the management of the business.
- Applicant must demonstrate the viability of the business. Our committee of experienced business leaders will provide feedback on your business plan as part of the loan review process.
- All owners with at least 20% ownership interest must be guarantors. In HFLSD’s discretion, collateral may be accepted (per evaluation and/or appraisal) in lieu of or in addition to guarantor(s). HFLSD will take UCC security interest in assets of business.
Additional Documentation
Additional documentation required for loan approval include:
- Business and marketing plan
- Description of management/principals (resumes)
- 3-year financial projections and financial statements/tax returns
- Organizational documents (Articles of Incorporation/Organization, Bylaws/Operating Agreement) and good standing/full force and effect certificate
- Copy of lease/deed for location of business
- Proof of business insurance and relevant licenses/permits
- Proof of pursuit of other sources of credit (banks, alternative financing, grants)
- Bank account information
HFLSD’s interest-free loan program is available to residents of San Diego County. You must be at least 18-years-of-age and a member of the Jewish community to apply. Depending on the size and purpose of your loan request, you may be required to provide 2 guarantors for your loan. Guarantors must be over 25 years old and at least one guarantor must be a resident of California. Please do not let the guarantor requirement keep you from submitting your application. Please complete the secure application form and a member of the HFLSD staff will be in touch as soon as possible regarding your application, guarantor(s) and next steps.
