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Loans

הלוואות
Does your venture need money?
Mati Ra'anana can help you obtain unique loans from businesses financing funds

Mati Ra'anana collaborates with a variety of business funding sources that offer loans to businesses on preferred terms. Business funding is provided with the help of philanthropic associations, government institutions, public bodies, banks and credit companies, which usually offer loans to businesses with preferred terms to those of the banks. Mati Ra'anana assists in selecting the appropriate financing channel and preparing a request or a business plan for the purpose of receiving funding.

Many times, business in its early stages, is required to use financial leverage (funding) to enable it to begin its operations. This funding usually includes an amount for the initial investment, and for the working capital needed to operate the first months of the business. In addition, funding is sometimes required for operating existing business in the process of expanding or developing the it.

For your convenience, an updated list of funds (We work hard to update the fund terms, however there may be changes / gaps, the determining conditions are those provided by the funds themselves)

Max Loan of:

240,000 ₪

Loan Name:

The Natan Foundation

Target Audience:

Entrepreneurs that this is their first business and find it difficult to raise funding from other sources

Establishing a new business or developing a business that has been operating for 3 months or less

Target:

The Natan Foundation

Responsible Body:

Custom

Loan Details:

Without interest

Interest:

Establishing a new and first business

Areas of Assistance:

Determined individually for each case

Repayment Period:

The entrepreneurs are citizens and residents of the State of Israel.

The entrepreneurs should bring an idea and have experience in the relevant field.

The entrepreneurs are required to present a business plan.

Comments:

Max Loan of:

125,000 ₪

Loan Name:

The Foundation for the Independent Newcomer (and Returning Residents)

Target Audience:

Newcomers up to 10 years in Israel and returning residents (eligible) up to two years in Israel

Establishing or expanding a business or purchasing a business

Target:

Bank Mercantile Discount

Responsible Body:

Collateral at the rate of 10% of the loan amount.

Equity of at least 25% of the loan amount is required.

Grace period up to 12 months.

Loan Details:

Prime + 1.75%

Interest:

Working capital, equipment, investment, purchasing an existing business

Areas of Assistance:

6 years

Repayment Period:

A personal guarantee is required.

Submission by Mati and Authorized Consultants ONLY.

Comments:

Max Loan of:

150,000 ₪

Loan Name:

Loans for Businesses in the Ethiopian community

Target Audience:

At least 50% of the business ownership is of Ethiopian origin

Establishing or expanding a business

Target:

Responsible Body:
Loan Details:

Capitalized interest at the time the loan is granted

Interest:

Establishing or expanding a business and managing working capital

Areas of Assistance:

Up to 5 years

Repayment Period:

In order to receive the loan, the entrepreneur must provide 2 guarantors.

In addition, the entrepreneur must present a business plan and / or business consultant that accompanies the establishment.

In addition, at least 50% of the business ownership should be of Ethiopian origin.

Comments:

Max Loan of:

3,000,000 ₪

Loan Name:

Poalim for Businesses Foundation

Target Audience:

Businesses under construction or expansion and businesses that require funding for the proper management of working capital. The loan is suitable for customers of all banks.

Establishing or expanding a business

Target:

Bank Hapoalim

Responsible Body:

Up to 500,000 ₪ for holders of a turnover of up to 5 million NIS.

Up to 3,000,000 ₪ for business owners with a turnover of over 5 million NIS or 10% of turnover (whichever is lower).

Loan Details:

Subject to negotiations with the Bank

Interest:

Establishing or expanding a business and managing working capital

Areas of Assistance:

Up to 6 years, with a period of postponement of up to 12 months for repayment of foundation payments ("Grace").

Repayment Period:

The Bank requires collateral for 25% of the loan

Comments:

Max Loan of:

8,000,000 ₪

Loan Name:

The Guaranteed by the State Foundation

Target Audience:

Small and medium-sized businesses with economic justification for their continued existence and in accordance with the decision of the Credit Committee and the recommendation of one of the coordinating bodies that it is indeed appropriate to assist them with funding

Loan guaranteed by the State granted in two channels of assistance to small and medium-sized businesses: working capital loans for small and medium-sized businesses in growth who suffer from flow difficulties. assistance loans for the establishment of new small and medium-sized businesses or the expansion of existing businesses.

Target:

Ministry of Economy

Responsible Body:

Loans up to 100,000 ₪ - shortened route in terms of treatment times: for businesses with an annual turnover of up to 3 million NIS.

Loans up to 500,000 ₪ : for businesses with an annual turnover of up to 6.25 million NIS.

For a borrower whose annual sales turnover in the preceding year, between 6.25 million NIS and 100 million NIS, the amount of the loan will not exceed 8% of the said sales turnover.

Special route for businesses under construction.

Loan Details:

The interest rate on the loans, according to the various routes, will be as customary in the banking system for such loans, and will be approved by the foundation committee.

Interest:

Annual turnover: up to 100 million NIS.

No more than one loan will be given to the same entity at the same time.

Obtaining approval after conducting an economic examination by the coordinating body, the Bank and the representative of the public on the Credit Committee.

Details of the assistance:

Collateral: between 10% and 25%, depending on the definition of a business (under construction / existing).

Guarantee: The government provides a guarantee at the rate of 70% / 85% of the loan. In addition, a personal guarantee from the owner is required.

The loans are nominated through the following banks: Mizrahi, Poalim, Mercantile, Otsar Hahayal.

The loan will be granted in one of the alternative routes: linked shekel, unlinked shekel, changing interest, linked to foreign currency.

Areas of Assistance:

Up to 5 years, with a period of postponement of up to 6 months for repayment of foundation payments ("Grace").

Repayment Period:

The amount of collateral required from the borrower for the first 300,000 ₪ is only 10% of the loan's amount, while the government provides a guarantee at the rate of 85% of the loan.

The maximum loan amount is 500,000 ₪ (with the additional 200,000 ₪ according to the regular terms of the foundation).

Comments:

Max Loan of:

60,000 ₪

Loan Name:

The Interest-Free Loans Foundation - Working Capital Route

Target Audience:

Entrepreneurs with an existing business with a monthly turnover of no more than 150,000 ₪ who need a loan for working capital.

The loan is intended for small businesses in order to improve the monthly turnover of the business and to deal with the problems of supplier credit, as well as temporary liquidity difficulties.

Target:

The Interest-Free Loans Foundation

Responsible Body:

Loans up to 60,000 ₪

Collateral and equity required:

  • 3 guarantors

  • No equity is required.

  • For a new business (less than 7 months old) a business plan and business consultant recommendation are required, and the developer can not contact the foundation directly.

Service fees of 170-500 NIS depending on the size of the loan

Loan Details:

Without interest

Interest:

Working capital - in accordance to the terms of the foundation

Areas of Assistance:

Loan period up to 40 months.

Repayment Period:

The loans are intended for small businesses. The association's definition of a small business is a business whose monthly turnover does not exceed 150,000 ₪.

Applicant age: From 22 to 67 years old.

A candidate who received a loan from the Association and has not yet returned the entire debt, or a candidate who signed as a guarantor on an unpaid loan can not apply for a new loan.

The Association will not give more than 150,000 ₪ in aggregate to each candidate.

Every business must open a VAT profile.

For a new business (less than 6 months old), a business plan and a business consultant recommendation are required. The entrepreneur can not contact the fund directly, but only through a consultant.

Any candidate with a limited bank account in the past will have to wait a year from the time the restriction was removed. Anyone who has been bankrupt in the past, has an open file in the Execution Office or has a negative record against him in the banking system will not be able to obtain a loan or sign as an guarantor.

The Association will not discuss applications for businesses that do not meet its criteria.

The Loan Committee does not meet regularly.

Comments:

Max Loan of:

100,000 ₪

Loan Name:

Assistance Foundation for Small and Medium-Sized Businesses Guaranteed by the State - Fast Route

Target Audience:

A business under construction or existing businesses with an annual turnover of up to 3 million NIS for the purpose of working capital or investments.

In light of the economic crisis in Israel and the world, and in light of the credit crunch in the Israeli market, the government decided to open a route for loans of up to 100,000 NIS for existing businesses. This loan will be granted within the framework of the Foundation for Assistance to Small Businesses with the State's older guarantee. The advantage of the foundation is reflected in the relatively low level of collateral and guarantees required from borrowers.

Target:

2 coordinating bodies selected by the State

Responsible Body:

Loans up to 100,000 NIS - shortened route in terms of treatment times: for businesses with an annual turnover of up to 3 million NIS.

Collateral and equity required:

​​

Business under construction:

Required collateral: 10% for a sum of up to 300,000 NIS and 25% for the remainings in loans exceeding 300,000 NIS.

Required equity: 20% of the total loan.

​​

Small / Medium Business:

Collateral required: 25%

Required equity:

  1. In the investment route - equity of 20% is required.

  2. In the working capital route - no working capital is required.

* In loans under the businesses under construction route - the collateral can be exchanged with a guarantee of up to 40% of the loan amount from an additional guarantor, subject to the approval of the committee.

* The interest received for these collateral will range between prime minus 1.55% and prime minus 1.6% (depending on the bank).

Loan Details:

Loan period up to five years. Of which 6 months of grace plus 54 repayment payments. Up to prime + 3.5% (the interest is at the discretion of the Bank and with the approval of the Credit Committee).

Interest:

Working capital, starting a business, buying equipment, purchasing a business

* According to the terms of the foundation

Areas of Assistance:

Loan period up to 5 years. Of which 6 months of grace plus 54 repayment payments.

Repayment Period:

preconditions:

  • The business has no debt that has not been arranged for the Israeli tax authorities.

  • The accounts of the business and / or the private accounts of any of the shareholders are not restricted and / or foreclosed and are not even candidates for restriction.

  • The business is not in the process of receivership and / or liquidation and / or freezing proceedings and / or creditor arrangement and no has execution proceedings against it.

  • A bank does not take any legal action against the business and / or against its owners, including execution proceedings.

 

FAQ:

  1. Question: What is the material required in applying for a loan to a business that has previously submitted a request?
    Answer: In each additional request, the required documents are: updated VAT and 102 reports (one year back), updated financial reports, updated bank reports (current account and obligo), updated financial forecast and investment plan (if applicable) and approval of a payment of 250 ₪ to the Accountant General's account. The questionnaire is not required to be filled out again, unless the previous application was submitted more than 3 years ago.

     

  2. Question: What is the foundation's reference to related companies and consolidated balance sheets?
    Answer: Each company can apply separately up to the ceiling amount, even though the company's owners are  identical. If there is a company that received a loan in the foundation based on the annual financial turnover in the consolidated balance sheet with its subsidiaries, the subsidiaries will not be able to approach the foundation and alternatively.

     

  3. Question: What is the "State Guarantee Fee" and when is it necessary to pay it?
    Answer: A business that was finally approved a loan in the foundation must pay a commission to the state at the time the loan is made. This amount will be:

    • 0.5% of the loan amount for new businesses and businesses with a turnover of up to 10 million NIS.

    • 0.7% of the loan amount for businesses with an annual turnover of 10-25 million NIS.

    • 1% of the loan amount for businesses with an annual turnover of 25-50 million NIS.

    • 1.5% of the loan amount for businesses with an annual turnover of 50-100 million NIS.
       

  4. Question: Is it possible to receive foreign currency loans?
    Answer: The foundation's loans are only in Shekels.

     

  5. Question: What interest can be obtained on a deposit deposited as collateral for the loan?
    Answer: in Bank Hapoalim - Prime minus 1.56%, in Mizrahi-Tefahot Bank - Prime minus 1.56%, in Bank Otsar Hahayal - Irime minus 1.6% And in Mercantile Discount Bank - Prime minus 1.55%
    (Note: all of the above is relevant to loans at changing interest only).

Comments:

Max Loan of:

90,000 ₪

Loan Name:

The IFLA - The Interest-Free Loans Association

Target Audience:

Owners of a business whose monthly turnover is no more than 150,000 ₪

The loan is intended for business owners for the purpose of investing in the business (purchase of equipment, renovation, marketing, etc...)

Target:

Responsible Body:
Loan Details:

Without interest and linkage

Interest:
Areas of Assistance:

Up to 45 months

Repayment Period:

preconditions:

  • The entrepreneurs have already invested in the business

  • The age of the entrepreneurs is 22 to 65 years old

  • 3 guarantors are required

  • The business has a VAT profile

  • The entrepreneurs must present a business plan for the business

Comments:

Max Loan of:

100,000 ₪

Loan Name:

Jacob's Ladder

Target Audience:

The loan is intended for entrepreneurs who start a new business and can not get a loan from the bank to fund the business

Establishing a new business

Target:

Responsible Body:
Loan Details:

Without interest

Interest:

Establishing a new business

Areas of Assistance:

Up to 5 years, with a period of postponement of up to 6 months for repayment of foundation payments ("Grace").

Repayment Period:

Loan without guarantors

The loan is intended only for entrepreneurs who is establishing a new business and can not receive financing from the bank

Comments:

Max Loan of:

400,000 ₪

Loan Name:

The Ness Foundation

Target Audience:

Entrepreneurs from the Negev region and disadvantaged populations that need funding for the purpose of establishing or expanding a business

Establishing or expanding a business

Target:

The Jewish Agency

Responsible Body:
Loan Details:

Prime + 1.5%

Interest:

Establishing or expanding a business and managing working capital

Areas of Assistance:

Up to 6 years, with a period of postponement of up to 12 months for repayment of foundation payments ("Grace").

Repayment Period:

The loan will be given in the introduction of 1-3 guarantors, depending on the size of the loan

Comments:
Want to start a business? Need a loan for your business? Need help managing your business?
Let Mati Ra'anana's experts assist you

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