Get a Loan

1. Resident and citizen of Israel
2. Establishment of a new and single business for the entrepreneur
3. Proven experience in the field of the new business
4. Exhausting the financing options before applying to the fund (equity, banks)

The fund does not support businesses in the following areas:
Internet-based businesses, real estate, liberal professions (lawyers, accountants, architects, consultants, brokers, etc.), intellectual property and patents.

The scope of the fund’s assistance to the entrepreneur who meets the criteria, in providing a loan of up to NIS 240,000, to be repaid in up to 60 months. The amount of the loan is adapted to the needs of establishing the business and is given as a loan without interest and linkage to the cost of living index. There are no extra costs.

1. Filling up the online application form
2. Attaching a detailed C.V
3. Additional documents that will support the loan application

1. Filling out a business plan in accordance to the foundation’s format
2. Photocopy of the I.D and the appendix of the I.D
3. Copy of a canceled check of the private account from which the loan will be repaid
4. Data Report from the Bank of Israel
5. C.V of the applicant
6. Dealer/Incorporation Certificate
7. Printout of the current register of companies (for companies only)
8. Invoices/Quotes for investments in the business (for equipment, inventory, instruments, renovation, etc.)
9. Reports of bank balances in all the developer’s accounts and business accounts
10. Bank statements for the last 3 months
11. Bank ID
12. Profit and loss statements for the last three years of the business (in an active business or in the purchase of an existing business)
13. Lease Agreement – draft/signed (if relevant)
14. Partnership Agreement – draft / signed (if applicable)
15. Purchase Agreement of an existing business – draft / signed (if applicable)
16. Franchise Agreement – draft / signed (if applicable)
17. Agreements with suppliers / customers (if relevant
18. In all entrepreneur accounts and business accounts

1. Spouses cannot be guarantors for each other
2. We do not accept guarantors who in the past or now, had limited bank accounts / cases in execution or bankrupts. After receiving approval for a loan from the fund, the details of the guarantors must be forwarded to us for approval (photocopy of full ID card + 3 recent payslips).
3. Upon receiving the approval, the guarantors must sign a letter of guarantee in front of a certified attorney/CPA.

The loan is without interest and linkage and without profit motive.
The spread of payments for a loan of up to NIS 100,000 is for 36 payments.
For a loan whose amount is more than NIS 100,000, it will be possible to spread out up to 60 payments. The grace period will be determined at the time of signing the agreement and will be included in the calculation of the loan period.