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No, George Halas did not loan the Packers money - the Packers actually loaned George Halas money.
The Packers were in serious financial trouble after the 1922 season and were saved by making the ownership of the franchise public, an effort led by Andrew Turnbull.
In 1932, when George Halas was having financial difficulty meeting the Bears payroll (during the Depression), Halas borrowed money from his mother, his mother in law and ($1,500) from the Packers.
In 1956, with the Packers facing the threat of NFL relocation unless city residents approved a new football stadium (now Lambeau Field), Halas spoke forcefully at a rally to encourage local Green Bay voters to approve public funding for reconstruction of their football field. The referendum measure passed, and some give Halas at least some credit for promoting it for the Packers.
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