Government Support Funds
Government incentive funds are the government’s way of contributing to the Israeli economy. For this purpose, various government incentive funds have been established to assist different types of Israeli businesses by providing state-guaranteed loans. Among these funds are the Small Business Incentive Fund, the Medium Business Incentive Fund, the Kurt Fund, and the Loan Fund for Exporters.
To receive approval or a recommendation for a state-guaranteed loan from one of these funds or others, a well-reasoned application must be submitted along with a comprehensive questionnaire. The application should address the business’s financial data, including both existing and projected figures, preparation of a business plan, detailed information about current bank credit, additional lines of credit, customer credit provided by the business, and supplier credit received. Additional data may be required based on the specific fund’s criteria and the approving body responsible for evaluating the application.
Each application submitted to government incentive funds undergoes a thorough review by external economists on behalf of the fund. This process involves analyzing the submitted data, visiting the business, conducting interviews, and ultimately making a recommendation to approve or reject the loan request.
Our firm will handle the complex preparation of your application, submit it on your behalf to the relevant fund, and maintain communication with the reviewing economists. It is important to note that many applications are rejected simply because there was no external professional who could adequately explain and justify the business’s repayment capacity and growth potential, including the likelihood of future loan repayment. Our firm provides this service with a high level of professionalism and a proven track record of success.
An expert from our firm will be happy to assist you with this service. Contact us today for a no-obligation consultation.
