A dedicated fund for businesses

Loan Terms

Loan Terms

  • 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 - 40% 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

  • Loan terms for big businesses

    • Payment – pay off the loan over up to 5 years. Start paying the loan after 12 months grace.
    • Loan sum – up to 8% of turnover and not exceeding NIS 100 million (for Hi-Tec companies, up to 8% of turnover or expenses, not including financing expenses, the higher of the 2 and not exceeding NIS 100 million)
    • Cost – free, with no fees or additional payments to the bank or state
    • Deposit – up to only 5%

    • 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 institution immediately after your first application has been closed

Conditions

Conditions

  • Conditions for small and medium businesses

    • Your business must be registered in Israel as a small business (“Osek Patur”) exempt from VAT, licensed dealer, company, partnership, cooperative association or “amuta” (voluntary association)
    • Your business turnover in the year preceding your loan application was up to NIS 400 million
    • Your business is experiencing cash-flow difficulties due to the coronavirus crisis
    • You have not received a loan from the large businesses loan fund for dealing with the coronavirus crisis

  • Conditions for large businesses

    • Your business must be registered in Israel as a company, cooperative, partnership or “amuta” (voluntary association)
    • Your turnover for the last year before the coronavirus crisis was over NIS 200 million
    • Your business turnover has suffered from the coronavirus crisis
    • You have at least 100 employees in Israel
    • At least 50% of your business’s productive assets or intellectual property is registered in Israel
    • You have not received a loan from the small and medium business loan fund for dealing with the coronavirus crisis

     

     

How to apply

 
  1. You can only apply online with the Chrome browser.
  2. Tap ‘Apply online’ to enter GovID, the Government Identification System
    • Login with your username and password, not a smartcard or token or any other login method
    • Make sure your email is up to date
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Contact Us

 

For technical issues, contact GloansCorona@mof.gov.il

Contact the Accountant General's Office directly, at kerenpniyot@mof.gov.il

Find more information on assistance and relief for businesses during the coronavirus crisis, on the National Emergency Portal at https://info.oref.org.il/

Contact the National Emergency Portal hotline on 104

Disclaimer

 

The information on this site is partial information submitted as a service to the public and does not constitute any official document. The complete and accurate information is set out in the terms of the agreements between the state and the banks, for the operation of the fund. Furthermore, the loans are granted by the banks and not by the state, and only the credit committee or the authorized body are authorized to approve loans.

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