How many co-signers do I need?
There are different co-signer requirements depending on the type of loan you are applying for. Please see the specific loan requirements under Loan Programs for more information.
FAQ Category: Hebrew Free Loan
Why do I need co-signers?
HFL relies on co-signers to be sure that loans are repaid if the borrower cannot do so. This is how HFL recycles 99% of our loans to help more people over time.
If I don’t know how to do a business plan and I want to apply for a Business Opportunity Loan or Danto Small Business Loan, what should I do?
HFL does not assist small business applicants with developing business plans. However, the regional Small Business Administration’s SCORE program can provide free mentorship to entrepreneurs on how to prepare a proper business plan.
How can I get a loan?
The loan process depends on the type of loan you are requesting. The description of each type of loan (Personal, Business, Education and Jewish Organization) provides this information.
What is the maximum amount I can borrow?
The maximum loan amount depends on the type of loan you are requesting. The description of each type of loan (Personal, Business, Education and Jewish Organization) provides this information.
What do you mean by being “Jewish” to qualify for a loan?
HFL provides loans to Michigan residents who are Jewish. Questions regarding Jewish identity are reviewed on a case-by-case basis.
