Thank you for choosing Forward Memphis, a trusted, affordable and sustainable alternative to a payday loan. If you’re facing a financial crisis, we provide access to emergency loans and grants up to $5,000 with no minimum credit score as recommended by your coach. This assistance is made available through a collaboration with our community partners.
If you would like to be considered for our program, please review our requirements:
- Minimum age: 18
- Live, Work, Worship or Go to School in Shelby County, TN
- Minimum annual household income of $30,000
- Must not be in active bankruptcy or had a bankruptcy discharged in the past 2 years
- Must not owe any money to Hope Credit Union
- Must complete coaching recommendations before receiving assistance
To begin the pre-qualification process, we recommend setting aside at least 20 minutes as well as having access to the following documents:
- Current pay stubs or a benefit statement reflecting one month of verifiable income (e.g., 2 pay stubs if you’re paid bi-weekly or semi-monthly; 4 pay stubs if you’re paid weekly; 1 pay stub or benefit statement (social security, pension) if you’re paid monthly)
- Most Recent Bank Statement to show the last 30 days of transactions
- Documentation showing your emergency financial need
Once we receive your application and supporting documents, a team member will contact you to schedule a virtual meeting with a financial coach.
If you need to save your form and come back to complete it later, please click the “Save” button at the bottom of each page.
Please note that submission of an application is not a promise that financial assistance will be provided. Financial coaching is a requirement of our program, and any assistance we may offer is contingent on completing our coaching recommendations. The source of funds we are able to provide (loan and/or grant) is determined solely by Forward Memphis.
