Small Business Loan Fund
- Amount:
- $150,000
- Year:
- 2021
- Field of Interest:
- Program Name:
- Small Business Loan Fund
- Grant Type:
- COVID-19 Response
- Grant Website
- Visit their site >
ORGANIZATION DESCRIPTION
Founded in 1904, the Jewish Free Loan Association provides interest-free loans on a nonsectarian basis to needy individuals and families for emergencies, education, developing small businesses, health care, and life cycle events.
GRANT PURPOSE
Due to the pandemic, JFLA has been receiving a significantly higher number of applications for interest-free loans, which average $20,000, for struggling businesses and for launching new enterprises. This grant will help grow the loan fund and allow JFLA to continue making loans without reducing the amounts or turning applicants away.