These loans are intended to address the unexpected financial challenges that people face. An HFLA loan is intended to provide assistance to those who do not have access to funds when these challenges occur. Standard loans can assist with home and car repairs, debt consolidation, emergency funerals, car purchase, and more.

In order to qualify the applicant must:

• Live in the 8 county service area (Cuyahoga, Geauga, Lake, Lorain, Mahoning, Medina, Portage, Summit, and Trumbull).
• 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).

Apply online

If you would like to download an application to mail to HFLA, click here.

Featured image: Standard Loan Recipient, Cigornai. Read her story.