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Sunday, November 27, 2011

Small Business Loan Funds – Jewish Agency for Israel

Small Business Loan Funds – Jewish Agency for Israel: "entrepreneur contacting an independent business advisor or MATI centers (entrepreneurship development centers) around Israel. The business concept is examined and an application for basic approval is submitted. The Jewish Agency considers whether the entrepreneur satisfies the preset criteria and the bank looks at financial risks involved.

If basic approval is obtained by the two parties, the entrepreneur has to apply to MATI or the advisor for help with preparing a business plan that describes the idea and its the marketing and financial potential.

The business plans are submitted to the Jewish Agency officials and bank officials, and are discussed by a public committee at prearranged times. The public committee comprises representatives of the Jewish Agency and of the lending bank, and the chairman is a public representative. "

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