Building Jewish Businesses

Launch or expand your small business. Hebrew Free Loan of New Jersey will review your business plan and financials to provide an interest-free loan to help you get started or move to the next level.

Who May Apply

The Borrower must live in Bergen, Essex, Hudson, Morris, Monmouth, Middlesex, Passaic, Sussex, and Union counties. The Borrower must be a member of the Jewish community or work for a Jewish organization. The Borrower’s spouse is also required to sign the loan documents.

Loan Terms

Building Jewish Business loans have varying repayment terms depending upon the purpose and amount of the loan.

Building Jewish Business loans over $2,000 require an Endorser who is a New Jersey resident. Building Jewish Business loans above $5,000 require two Endorsers who are New Jersey residents.

A grace period of approximately 3 months is given before repayment begins.

Who May Be an Endorser

An Endorser must be a New Jersey resident, who is credit-worthy. Endorsers may not be a member of the clergy, or political office holder or on active duty in the military. A person may not be a borrower and endorser at the same time. The Endorser must fill out an information form and is required to sign the applicant’s loan documents.

How to Apply

HFLNJ understands that all information it receives is strictly confidential.

A loan application is completed by the Borrower and any Endorsers. The loan application can be accessed here. After the loan application is completed, a representative of Hebrew Free Loan of New Jersey will reach out to the Borrower. The applicant must provide a valid New Jersey drivers’ license number and social security number with their application.

HFLNJ may require the applicant to submit additional documentation or proof of statements contained in the application. HFLNJ also reserves the right to verify any information submitted by, or on behalf of, an endorser.

Once the loan is granted, a completed copy of the promissory note will be returned to the applicant. Any endorser will also receive a copy of the promissory note as well as the loan approval letter.

It only takes a simple call or email to start the process:

START THE LOAN APPLICATION

  • For residents of Essex, Hudson, Morris, Sussex, and Union Counties, contact Malkie Ratzker at (973) 637-1739
  • For residents of Middlesex County, contact Debby Alter at 732-777-1940, ext. 1119
  • For residents of Monmouth County, contact Leslie Kornfeld at 732-588-1805, ext. 13
  • For residents of Bergen and Passaic Counties, contact Laura Brody at 201-791-8395

HFLNJ loans are funded entirely by community donations. If you would like to contribute as we anticipate the need to be greater than ever, please click here.