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. Each Air Force member can utilize a Falcon Loan twice during their career.

Applying for a Falcon Loan is as easy as 1-2-3:

1. Apply for a Falcon Loan online by clicking HERE.
2. Call the Airman & Family Readiness Center (605) 385-4663 for an appointment. At that time, you will be informed about what other documentation is needed based on your need for the loan.
3. Bring your ID card, current EOM LES, and any other required documents.

The streamlined application process for a Falcon Loan requires no budget information. Minimal information required to process an allotment, certain documentation based on the need, 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 at the time of application are eligible for a Falcon Loan. Repayment by cash or Paymatic will normally be over 10 months while still on active duty or if deactivated.

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 or call us at (605) 385-4663.