New guidelines

Now, with a credit score of 580+, you can borrow up to

$5,000 with no guarantors

$10,000 with 1 guarantor

$20,000 with 2 guarantors

Minimum credit score for SB guarantors is reduced to 550.

Repeat JFLA clients are eligible for even more flexibility.

Small Business loans up to $36,000 are available, with 2 guarantors.

Eligibility:

Please note that we do not offer Small Business loans to non-profit organizations.

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.