HFLS Press
Check out the latest press releases from and articles about the Hebrew Free Loan Society.
Check out the latest press releases from and articles about the Hebrew Free Loan Society.
The Hebrew Free Loan Society, founded in 1892, provides interest-free loans to New Yorkers seeking access to affordable capital. HFLS officials said the $8 million commitment is the largest amount the organization has dedicated to small business lending in a single year.
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The New York City Comptroller’s Office today announced a new partnership with Hebrew Free Loan Society (HFLS) to expand access to zero-interest loans for small businesses across the five boroughs—providing critical support for neighborhood entrepreneurs who continue to face barriers to affordable capital.
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Now, some of those individuals are receiving interest-free loans to help finance their moves through “Move to Thrive,” an unusual joint initiative launched by the national LGBTQ Jewish advocacy group Keshet and the New York-based Hebrew Free Loan Society in March 2025.
The initiative has drawn more than 400 inquiries, according to Jaimie Krass, the president and CEO of Keshet. So far, 29 applications have been approved, representing 56 people across households in 12 states, and $274,500 in loans have been disbursed.
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The Colin Powell School for Civic and Global Leadership at The City College of New York has partnered with the Hebrew Free Loan Society to provide interest-free emergency loans of up to $2,000 to currently enrolled low- and moderate-income students. This new partnership with City College is another great opportunity for HFLS to provide financial support to college students in New York City following their dreams.
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