Loan Description: Standard Loan
In order to qualify the applicant must:
- Live in Northeast Ohio.
- Have an income with the ability to repay the loan on a monthly basis.
- Lack the ability to obtain the needed funds from a conventional lender like a bank or credit union.
- If married, apply with spouse/partner as co-applicant. A co-applicant may also be appropriate in other situations.
- Apply with a guarantor. A guarantor will be legally liable for the full amount of the loan.
Other important things to know:
- Credit will be checked for all applicants, co-applicants, and guarantors with an emphasis on payment history, not a three digit credit score.
- The maximum loan amount is $10,000.
- Upon approval, all checks are made payable directly to creditors (source of need) and not individuals (borrowers).
- Learn More: How to Apply
Download applications below.
Featured image: Standard Loan Recipient, Cigornai. Read her story.