Hebrew Free Loan Society
Improving Lives Through Lending
The Hebrew Free Loan Society (HFLS) fosters financial stability and opportunity among low- and moderate-income New Yorkers in need by providing access to safe and affordable credit in the form of interest-free loans.HFLS loans make an immediate, concrete difference in the lives of our borrowers, enabling them to invest in their education, start a business, meet emergency expenses, and more.HFLS makes loans on a nonsectarian basis where the availability of interest-free credit will make a significant difference in an individual's or family's life. Since its founding in 1892, HFLS has provided more than $345M in interest-free loans to more than 875,000 borrowers while maintaining a repayment rate above 99%.
Category: Community Development
Cause: Housing and Neighborhood Development
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Capital Gains Tax and NII Tax rates range from 18.8% - 37.1%, depending on your income and locality.
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