The information and documents below are required for a Schulder Free Loan. Once you have completed all of the below, email Loan@HFLS.org or call (212) 687-0188 to schedule a 15-minute loan interview with an HFLS Loan Officer, which will be conducted via phone or video call (Zoom). Please submit the required documents listed below to HFLS prior to your interview, either by uploading them with your online application or emailing them to Loan@HFLS.org. From the borrower: - Loan Application completed by the applicant and including information for their spouse, if they are married. A link to the online loan application appears at the bottom of this page. In the application, please select “Other” in response to “How did you hear about HFLS?” and write “Schulder Fund” in the detail field. - Copies of government-issued photo IDs that include signatures and serve as proof of address for the applicant and their spouse (e.g. driver’s license). If the driver’s license does not include the applicant’s current address, HFLS will require proof of residency (e.g. a utility bill or account statement). - Voided check, checking account statement, or bank document that includes the applicant’s name, the bank name, the checking account number, and the routing number. From the guarantors: - Guarantor Form completed by the guarantor and including information for their spouse, if they are married. NOTE: The applicant will receive a link to an online guarantor form after submitting the online application, which they should forward to their guarantor. If the applicant provides the guarantor’s name and email address where requested in the online application, the guarantor will receive an email containing the guarantor form link as well. - Copies of government-issued photo IDs that include signatures for the guarantor and their spouse, if they are married (e.g. driver’s license or U.S. passport). - Failure to submit these documents will delay the processing of your application.

Once you have completed the above, email Loan@HFLS.org or call (212) 687-0188 to schedule a 15-minute loan interview with an HFLS Loan Officer, which will be conducted by phone or video call (Zoom). Loan interviews must be scheduled in advance. Please submit the documents listed above to HFLS prior to your loan interview to avoid delays in processing your application. During the interview, an HFLS Loan Officer will review your application and other required documents with you, determine whether any additional information is needed, and answer any questions you have.

HFLS reviews and decides on loan applications weekly. If we have questions about your application or guarantor, you may receive a call or email from a Loan Officer asking for further information before HFLS will make its decision. You will receive an email within one week of your loan interview informing you of the loan decision. HFLS, in its discretion, may decline to make a loan, make a loan in an amount less than that requested, or require different or additional guarantors.

If your loan is approved, you will receive an email that contains instructions to electronically complete and sign the loan closing paperwork through DocuSign. The final loan paperwork includes: - A Promissory Note, to be signed by the borrower, guarantor, and all spouses - An Authorization of Automatic Payments (ACH) form, so monthly loan repayments can be withdrawn automatically from your checking account. Once HFLS receives the signed documents above, we will disburse your loan funds directly into your checking account within three business days. (Please note that it may take a few days after the disbursement for the loan funds to appear in your checking account.)

One guarantor is required for all Hebrew Free Loan Society Schulder Free Loans, and the guarantor must complete and sign a Guarantor Form. A married couple is considered one guarantor. If a guarantor is married, his or her spouse must also complete and sign the Guarantor Form.

Guarantors must meet the following criteria: - US citizens or permanent residents currently living in NYC’s five boroughs, Westchester, or Long Island - Have a checking account, good credit, and annual pre-tax household income of at least $30,000 a year - Currently employed (Hebrew Free Loan Society) prefers persons who have worked at least one year in their present position), or if retired, can demonstrate their ability to repay through pension/retirement income or assets.

Even if they meet the requirements above, the following people may not guarantee a loan: - Persons living in the same household as the borrower - Persons who currently have an Hebrew Free Loan Society loan or are a guarantor on an Hebrew Free Loan Society loan - Pulpit Clergy (clergy are often asked to guarantee due to their high visibility within their community; this rule, therefore, exists for their own protection) - Persons who are unable to repay the loan

The information and documents below are required for a Schulder Free Loan. Once you have completed all of the below, email Loan@HFLS.org or call (212) 687-0188 to schedule a 15-minute loan interview with an Hebrew Free Loan Society Loan Officer, which will be conducted via phone or video call (Zoom). Please submit the required documents listed below to Hebrew Free Loan Society prior to your interview, either by uploading them with your online application or emailing them to Loan@HFLS.org. From the borrower: - Loan Application completed by the applicant and including information for their spouse, if they are married. A link to the online loan application appears at the bottom of this page. In the application, please select “Other” in response to “How did you hear about Hebrew Free Loan Society?” and write “Schulder Fund” in the detail field. - Copies of government-issued photo IDs that include signatures and serve as proof of address for the applicant and their spouse (e.g. driver’s license). If the driver’s license does not include the applicant’s current address, Hebrew Free Loan Society will require proof of residency (e.g. a utility bill or account statement). - Voided check, checking account statement, or bank document that includes the applicant’s name, the bank name, the checking account number, and the routing number. From the guarantors: - Guarantor Form completed by the guarantor and including information for their spouse, if they are married. NOTE: The applicant will receive a link to an online guarantor form after submitting the online application, which they should forward to their guarantor. If the applicant provides the guarantor’s name and email address where requested in the online application, the guarantor will receive an email containing the guarantor form link as well. - Copies of government-issued photo IDs that include signatures for the guarantor and their spouse, if they are married (e.g. driver’s license or U.S. passport). - Failure to submit these documents will delay the processing of your application.

Once you have completed the above, email Loan@HFLS.org or call (212) 687-0188 to schedule a 15-minute loan interview with an Hebrew Free Loan Society Loan Officer, which will be conducted by phone or video call (Zoom). Loan interviews must be scheduled in advance. Please submit the documents listed above to Hebrew Free Loan Society prior to your loan interview to avoid delays in processing your application. During the interview, an Hebrew Free Loan Society Loan Officer will review your application and other required documents with you, determine whether any additional information is needed, and answer any questions you have.

Hebrew Free Loan Society reviews and decides on loan applications weekly. If we have questions about your application or guarantor, you may receive a call or email from a Loan Officer asking for further information before Hebrew Free Loan Society will make its decision. You will receive an email within one week of your loan interview informing you of the loan decision. Hebrew Free Loan Society, in its discretion, may decline to make a loan, make a loan in an amount less than that requested, or require different or additional guarantors.

If your loan is approved, you will receive an email that contains instructions to electronically complete and sign the loan closing paperwork through DocuSign. The final loan paperwork includes: - A Promissory Note, to be signed by the borrower, guarantor, and all spouses - An Authorization of Automatic Payments (ACH) form, so monthly loan repayments can be withdrawn automatically from your checking account. Once Hebrew Free Loan Society receives the signed documents above, we will disburse your loan funds directly into your checking account within three business days. (Please note that it may take a few days after the disbursement for the loan funds to appear in your checking account.)