Go to Content
This site is best viewed with javascript turned on.
This site uses features not supported by Internet Explorer.
In response to the COVID-19 crisis, all loans applications are being processed electronically and the client interviews are taking place by Skype or Facetime.
Close
JFLA makes loans, in part, to the generosity of Cedars Sinai, Councilmember David Ryu, Supervisors Mark Ridley Thomas and Sheila Kuehl.
Istockphoto 1212062425 2048x2048 y5wgdg

Small Business

Small business loans are available for start-ups, expansions, renovations, employee salaries, and more.

You can get

$5,000 (Credit Score 580+ with no guarantors)

$10,000 (Credit Score 580+ with 1 guarantor)

$20,000 (Credit Score 580+ with 2 guarantors)

$36,000 (Maximum available with 2 guarantors)

Eligibility:

  • You are a permanent resident of Los Angeles or Ventura county.
  • You have credit scores of 680 or better, can demonstrate need, and have the ability to repay the loan.
  • Your guarantors, if needed, have good credit and steady income.
  • You submit all documents electronically to JFLA before your virtual interview.
  • You understand that a loan application is not automatically approved and is subject to review by the JFLA Loan Committee.
  • non-profit organizations are not eligible.

For more information about our loan programs, contact info@jfla.org .

See a table of all our loans here.

At Jewish Free Loan, we rely on guarantors instead of collateral to secure your loan. A guarantor is someone who can guarantee to pay back the loan if you do not. A guarantor is at least 25 years old, lives in California and has a credit score of 680 or better. A friend, family member or employer are examples of a guarantor.

Small Business Application Instructions

After we receive your pre loan application online (see homepage) a JFLA representative will send you an email with a request for supporting documents. Please note: If your online application is not complete, you may not receive a response.

After we receive all requested supporting documents for your application (online or by email), and you still qualify for a Small Business Loan, we will schedule a virtual appointment.

During your virtual appointment you will speak with our Senior Loan Analyst about your need for the loan and qualifications.

After your interview, JFLA will send you the loan documents electronically.

After we receive your completed loan documents, and credit inquires are made for the borrower and guarantors, your loan will be reviewed by a Small Business Loan committee.

If approved for the loan, a check will be deposited into your account and your monthly payments will begin 30 days after receiving funding.

Please note: Due to high demand, not all request will be approved and there may be a delay in receiving a response and processing. Please allow 2 weeks for review. You will be contacted by a member of our team.

At Jewish Free Loan, we rely on guarantors instead of collateral to secure your loan. A guarantor is someone who can guarantee to pay back the loan if you do not. A guarantor is at least 25 years old, lives in California and has a credit score of 680 or better. A friend, family member, or employer are examples of a guarantor.

>$80M
Loaned
>28,300
Loans Made
~1,000
New Loans a Year