The Falcon Loan is a loan of $500 or less that can be used for emergency needs such as basic living expenses (rent, utilities, food), car repairs, emergency travel, or other approved needs. Applying for a Falcon Loan is as easy as 1-2-3:

1. Download the application here
2. Get your ID card and current LES
3. Go to your Airman & Family Readiness Center (A&FRC)

The streamlined application process for a Falcon Loan requires no budget information, backup documentation, or First Sergeant/Commander approval. Minimal information required to process an allotment or Paymatic transaction (automatic withdrawal from bank account) and your signature is all that is needed to complete the application.

To be eligible for a Falcon Loan, you must be an Active Duty Air Force member or spouse with Power of Attorney stationed at an Air Force base with an Airman and Family Readiness Center, and cannot have a current Air Force Aid Society loan. You will be expected to repay your Falcon Loan by allotment within 10 months or by your ETS if less than 10 months.

Air Force Reserve and Air National Guard personnel activated on Title 10 orders for more than 15 days at the time of application are eligible for a Falcon Loan. Repayment by cash or Paymatic will normally be made over 10 months while still on active duty or if deactivated.

Falcon Loans are not free money. We are relaxing the loan process in hopes that Airmen will feel less threatened to come forward for help and perhaps after getting a Falcon Loan will feel a relationship that draws them back in to the A&FRC for a follow-on visit to discuss their financial situation. Dispelling the notion that this is some kind of giveaway program requires all of us to put the program in proper perspective and not allow others to distort the purpose of the loan. We want people to come forward with genuine needs and we should all be comfortable that if someone comes n needing the $500 loan, it’s on them to certify they will use the funds as intended.

The Falcon Loan is a complement to the Society’s standard emergency assistance loan/grant program. Receiving a Falcon Loan does not make you ineligible to receive a standard Air Force Aid Society loan/grant while you are repaying your Falcon Loan.

For more information on the Falcon Loan, please visit your Airman & Family Readiness Center.