In light of the COVID-19 pandemic, the Jewish Free Loan Association ( JFLA) is offering no-fee, interest-free loans of up to $10,000. The loans are intended to cover such things as small business losses, lost wages from not going to work, child care costs when schools are closed, and funds lost due to canceled travel plans.
“The loans can be helpful to people because they’re interest free. It’s not a predatory loan. It’s access to clean capital that people can use for whatever they need,” JFLA Executive Director Rachel Grose told the Courier. “We’ve had a lot of requests in the last week. It’s probably a 100 percent increase in the last week. I do expect it to continue to increase.”
