Hebrew Free Loan Society
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- Listed in Micro Loans, Minority Business Funding, Personal / Consumer Loans, Small Business (SMB) Funding
- 212-687-0188
- https://hfls.org
- info@hfls.org
The Hebrew Free Loan Society advances economic stability and opportunity for lower income New Yorkers within and beyond the Jewish community by making safe, affordable interest-free loans.
The Small Business Loan Program provides interest-free loans of up to $60,000 to low- and moderate-income residents of New York City’s five boroughs, Westchester, or Long Island to help launch or expand a business.
Loans are repayable in monthly installments beginning three months after the loan is received. The monthly repayment amount and repayment term is determined on a case-by-case basis by HFLS’s Microenterprise Committee, with loan terms typically ranging from 12 to 36 months. Monthly loan payments are made by electronic debit of a checking account. HFLS is a non-sectarian lender; you do not have to be Jewish to receive an interest-free small business loan from HFLS.
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