Loan Description: COVID-19 Emergency Loan

The COVID-19 Emergency Loan for Individuals is designed to help Northeast Ohioans who have had their income impacted by the COVID-19 pandemic. This loan can be used for any necessary expenses at the discretion of the loan recipient. A guarantor is not required, but may be requested at the discretion of HFLA and the board.

In order to qualify:

  • Applicant must live in Northeast Ohio.
  • Applicant must be able to prove financial hardship is due to COVID-19 pandemic.
  • Applicant must be able to prove that they are able to repay the loan under normal financial circumstances. 

These expedited loans can fund up to $1,500 to cover lost wages (including people who are self-employed), child care costs, or additional medical expenses.


Loan Description: COVID-19 Small Business Emergency Loan

The COVID-19 Small Business Emergency Loan is for businesses located in Northeast Ohioans who have been financially impacted by the COVID-19 pandemic. The loan can be used to cover payroll, rent, and other expenses while business is slow (or paused).

In order to qualify:

  • The business should have been in business for a minimum of 12 months.
  • The business owner is required to meet with an HFLA business loan volunteer* to discuss how COVID-19 has affected their business.
  • The business owner needs to provide a recovery plan.
  • The business owner is required to check in periodically for support.

These interest-free business loans can disburse up to $5,000. Loans will be made to the business; business owner(s) (who own more than 20%), and business owner(s) will guarantee the loans. These loans are not meant to replace Disaster Relief SBA loans or other funds that business owners may be eligible for, but rather to offer additional support.

Download the COVID-19 Small Business Loan Application

COVID-19 Small Business Emergency Loan

To access the Coronavirus (COVID-19) Emergency Loan Applications you may directly download them from the buttons above. Please contact us directly with any questions or concerns. (216)-378-9042 – team@interestfree.org 

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