LAS VEGAS— JFSA and Jewish Nevada, a nonprofit organization that serves as the representative organization for the more than 70,000 Jews in Nevada, have partnered to launch Hebrew Free Loan, a program that provides interest-free loans to Nevada’s Jewish community for a myriad of situational needs.
The Hebrew Free Loan program provides loans of up to $7,500 to low- and moderate-income residents of Nevada to help fund significant expenses that borrowers cannot meet with their own resources. It can help cover expenses like starting a small business, car and medical payments, college tuition and books, IVF/adoption and more.
“No one was prepared for the kind of year 2020 was, so we understand the needs many people are facing,” said Jewish Nevada President & CEO Stefanie Tuzman. “We refer to this loan as a ‘hand up’ for community members, not a handout. 2020 aside, this loan is available at any time, for any unexpected expenses that may arise.”
Loans are repayable in monthly installments for a maximum repayment term of 36 months depending on the loan amount. All monthly repayments begin one month after the loan is received and are made by electronic debit of a checking account.
For more information about Jewish Nevada’s new Hebrew Free Loan program or to apply for a loan, visit www.JewishNevada.org/hebrewfreeloan.
About Jewish Nevada
Jewish Nevada is Nevada’s Jewish Federation, serving as the representative organization for the 70,000 Jews in Nevada. It is the only organization charged with assessing and addressing the needs of the entire community. Jewish Nevada works diligently to build a vibrant community and sustain Jewish life throughout Nevada, Israel, and around the world. It is committed to the values of Tikkun Olam (repairing the world); Tzedakah (righteousness and philanthropy); and G’milut Hasadim (acts of kindness and service).