Loan terms for small and medium businesses
- Payment – pay off the loan over up to 5 years. Start paying in 12 months or sooner
- Loan amount - 16% of annual turnover up to NIS 20 million
- Handling time - up to 7 working days
- Cost - free, with no fees or additional payments to the bank or state
- Deposit - up to only 5%
- Interest - full payment of interest by the state for the first year. Prime + 1.5% average
interest rate from the second year
- Your application will be sent directly to the bank of your choice. A bank representative will get back to you within one working day.
- If you are approved a loan that is below the maximum sum based on your criteria, you can apply for an additional loan within one month to the body whose details appear on your loan approval letter.
- If your application is denied by the bank, you can apply to another bank or credit card company immediately after your first application has been closed