מט"י אשדוד - Fundraising

The Fund for the Independent Immigrant

Target audience: new immigrants, who made their Alya less than 10 years ago.
The fund's aim: credit for small enterprises, operating capital, development of the business - all to the purpose of strengthening the enterprises and increase of employment.
Loan total: up to 70,000 NIS. Share capital in the investment program - 33% or 50% of the loan total amount.
Interest: index + 2% a year.
Period: max. 6 years
Grace period: during the first year - only the interest is to be paid.
Securities: for a sum of 35,000 NIS - 2 guarantors, above that sum - 3 guarantors.
Special bonuses: after 83% of the loan have been deposited regularly, up to 5000 NIS will be recognized as a grant.
Pre-condition: a non-restricted bank account
Cost: 250 NIS for the preparation of a Ministry of Immigration business plan.
Operating bank: Bank Hapoalim

The New York Fund

Target audience: New immigrants from Muslim countries of ex-Soviet Union and from the Arab States under 10 years of residence in Israel. New immigrants from Ethiopia - since the Moses Operation. Women in general and single mothers in particular.

The fund's aim: to assist new immigrants, especially from under-developed countries, from the one hand, and to women from the other.
Loan total: up to $20,000. Share capital - at least 5% of the investment.
Interest: index + 2.8% a year.
Period: up to 5 years
Grace period: max. 1 year
Securities: at least one guarantor. The Jewish Agency provides up to 75% of the guarantee.
Special requirements: the entrepreneur will have to deposit 5% of the loan.
Pre-condition: a non-restricted bank account
Cost: 200 NIS for the feasibility study and a GO/NO GO assessment; after a primary authorization has been granted - 1500 NIS for the preparation of the business plan.
Operating bank: Bank Otsar Ha-hayal

The Israel Free Loan Association

Target audience: married entrepreneurs - aged 22 through 65

single entrepreneurs - aged 24 through 65

The fund's aim: to assist and encourage entrepreneurs to open small businesses and become financially independent

Loan total: new immigrants under 10 years of residence in Israel - 45,000 NIS. Israelis and veteran immigrants - 67,500 NIS. Share capital - at least 5%
Interest: no interest
Period: up to 30 equal payments
Grace period: max. 3 months
Securities: 3-4 guarantors according to the fund's requirements
Special requirements: 20 NIS for an analysis at the BDI banking system

Negotiation fee - 15-300 NIS for the loan realization

Pre-condition: a non-restricted bank account
Cost: 200 NIS for the feasibility study and a GO/NO GO assessment; after a primary authorization has been granted - 1500 NIS for the preparation of the business plan.

Operating bank: The Israeli Association for Interest-Free Loans

The Natan Fund

Target audience: Israeli citizens. Beginning entrepreneurs. Entrepreneurs having difficulties in fundraising.
The fund's aim: assisting and encouraging small business owners in reaching financial independence

Loan total: up to 100,000 NIS. Equity - recommended
Interest: no interest, no index linkage
Period: according to the business plan. Returning the loan only per gaining profits from the business
Grace period: up to 6 months
Securities: no guarantors
Special requirements: Professional experience in the field of the project. The entrepreneur commits to use the money only for the business establishment purposes. The entrepreneur commits not to transfer the money to a third part until the loan is fully met. The loan does not complete other investment programs.
Pre-condition: the entrepreneur has a bank account for the money transfer
Cost: 200 NIS for the feasibility study & 1500 NIS for the business plan

Operating bank: the Natan fund

KIEDF - Koret Fund for Small Enterprises

Target audience: business owners and entrepreneurs
The fund's aim: establishment and expansion of businesses. Loans for operating capital for potential and capable businesses which undergo flow difficulties, to help them survive and increase employment.
Loan total: 20,000-60,000 NIS. Share capital - at least 5%

Interest: Prime rate + 2.25%
Period: up to 3 years
Grace period: max. 3 months for new businesses only
Securities: under 40,000 NIS - spouse's guarantee

40,000-60,000 NIS - spouse's guarantee + 1 additional guarantor

Special requirements: documents' preparation fee - 15% discount from the price list. Costs after the discount: under 30,000 - 240 NIS. Up to 60,000 - 405 NIS.
Pre-condition: a non-limited bank account, no bad checks
Cost: 300 NIS for the feasibility study and a GO/NO GO assessment; after a primary authorization has been granted - 1000 NIS for the preparation of the business plan.
Operating bank: Bank Otsar Ha-hayal

The State-Guaranteed Fund

Target audience: business owners and entrepreneurs
The fund's aim: the fund assists entrepreneurs in their economic growth and in creation of new work places. Loans are granted for purposes of investing in the business and for operating capital

Loan total: up to 500,000 NIS. Share capital - 20%
Interest: Prime rate + 2.92%
Period: up to 5 years
Grace period: max. 3 months
Securities: the state Securities 70% of the loan and the entrepreneur must provide the remaining 30%
Special requirements: 250 NIS for the application assessment
Pre-condition: a non-restricted bank account
Cost: There are three possibilities:

1) You may download the forms from the fund's site, http://www.tavor.biz/, and submit the application directly.
2) You may submit your forms to Mati consultants for inspection before sending it, at the price of 350 NIS
3) You may approach Mati for the entire process of the business plan preparation - 4,000 NIS

Operating bank: Bank Otsar Ha-hayal

KIEDF - Koret Fund

Target audience: entrepreneurs and business owners
The fund's aim: to assist entrepreneurs in their economical growth and creation of workplaces.

Loan total: 70,000 NIS - 200,000 NIS. Equity: at least 10%
Interest: Prime rate +0.5% or Libor rate + 0%
Period: up to 5 years
Grace period: up to 3 months
Securities: according to the fund's requirements. For a loan of 70,000 NIS or above - 2 guarantors at least are required.
Special requirements: documents' preparation fee according to the banks' tariffs.
Pre-condition: a non-restricted bank account
Cost: 300 NIS for the feasibility study and a GO/NO GO assessment; after a primary authorization has been granted - $700-$1000 to the fund's consultants for the preparation of the business plan on the condition that it is approved.
Operating bank: Bank Otsar Ha-hayal

KIEDF - Koret Fund; Supplement Track

Target audience: business owners
The fund's aim: to assist entrepreneurs in their economical growth and creation of workplaces.

Loan total: 300,000 NIS - 600,000 NIS. Equity at least 10%
Interest: Prime rate + 1.95%
Period: up to 5 years
Grace period: up to 3 months
Securities: material Securities + 1 guarantor (could be waived according to the bank branch's manager's consideration).
Special requirements: documents' preparation fee according to the banks' tariffs.
Pre-condition: a non-restricted bank account
Cost: 300 NIS for the feasibility study and a GO/NO GO assessment; after a primary authorization has been granted - $700-$1000 to the fund's consultants for the preparation of the business plan on the condition that it is approved.
Operating bank: Bank Otsar Ha-hayal

Fund of Loans for the Exporter

Target audience: Promotion of overseas marketing for novice and operating exporters with a potential to sell a new product or market in the fields of industrial products, professional services, software, contracting works and movies.
The fund's aim: the fund is for exporters or those preparing to export whose sales turnover does not exceed 10 million USD

Loan total: A company whose sales turnover is up to $500,000 - loan up to $100,000. A company whose sales turnover is $500,000-$10,000,000 - loan up to $1 million or 20% of the sales, the lowest.
Interest: the accepted interest in the banking system for loans of this kind according to the bank's consideration, subject to the credit committee.
Period: up to 5 years
Grace period: up to 3 months
Securities: the state Securities for 70% of the Securities and the business owner is required to present the remaining 30%.
Special requirements: presenting the business plan, and upon its approval the exporter gets 50% of the approved loan. In 6 months the exporter must present an interim statement.
Pre-condition: a non-restricted bank account
Cost: You have three possibilities:

1) Fill in a primary application form for the BDI Company
2) Approach the Ministry of Industry, Trade & Labor Internet Site and download the forms yourself, here: http://www.tamas.gov.il
3) Approach the Israel Export & International Cooperation Institute

Operating bank: Bank Otsar Ha-hayal