UJA Federation of New York Jerusalem Emergency Loan Fund
The loan fund is for businesses in Jerusalem and the surrounding area whose business activity has been adversely affected as a result of Israel’s security situation.
The fund offers a working capital loan of up to NIS 100,000, with interest of Prime + 1.5%, with a 6-month period of grace when interest payments only will be made and then with a 5-year loan repayment period of the principal and interest. Loans will be executed by Bank Otsar Hahayal. The process of application submissions will be rapid, and a reply will be forthcoming within 10 working days. Attendance in front of a loan fund committee is not required.
How to apply:
- A preliminary application and brief business plan. This is to be submitted by the fund manager from authorized consultants only.*
- Provide the following documents with your application:
- Financial reports (profit and loss) and/or balance sheets for the two previous years
- An unaudited trial balance/report for the current year
- Bank statements of (all) the private and business bank accounts for the previous 4 months
- Summary of updated balances of all accounts
- Details of any outstanding loans
- Basic CV
- Financial or verbal explanation of the damage suffered by the business following the security situation.
- Submission of the application via email at Meiras@jafi.org
Your Loan fund Coordinator in Jerusalem and its vicinity is
Meira Schwartz. Telephone: 02-6204181 email: Meiras@jafi.org
*Business plan compilation services will be provided to the loan fund's applicants by MATI Jerusalem, without cost. For further information, contact Chen Pinchasi: 02-6794242, Hen@mati.org.il
The Loan Fund is intended for the opening of a new business or the expansion of an existing business and assists entrepreneurs and small business owners from the following populations regardless of geographic location:
- Olim (up to 10 Years in Israel)
- Ethiopian community
- Olim from the Caucasus region with no "time" limit
- Haredi (ultra-orthodox) community
- Arab community
- Entrepreneurs and small business owners wishing to open or expand a business in the Galilee, in areas that are not covered by other JAFI loan funds Donating Federation: UJA Federation of New York
The UJA Federation of New York Entrepreneurial Fund for Jerusalem
The Loan Fund assists entrepreneurs and small business owners wishing to open a new business or expand an existing business in Jerusalem and the vicinity.
Donating Federation: UJA Federation of New York
Western Galilee Loan Fund
The fund assists entrepreneurs and small business owners wishing to open a new business or expand an existing `business in the Galilee in areas north west of Karmiel.
Donating Federation: Central Area Consortium
Ness Negev Business Loan Fund
The Loan Fund assists entrepreneurs and small business owners wishing to open a new business or expand an existing business in the Negev area.
Donating Federations: Jewish Federation of Greater Metro west New Jersey, The Greater Miami Jewish Federation and the United Jewish Endowment Fund of Washington.
The Detroit Loan Fund for Development
The Loan Fund assists entrepreneurs and small business owners wishing to open a new business or expand an existing business in Nazareth Illit, Migdal HaEmek and Jezreel Valley Regional Council.
Donating Federation: Jewish Federation of Metropolitan Detroit
The Pittsburgh Loan Fund
The Loan Fund assists entrepreneurs and small business owners in Karmirl and Misgav Regional Council
Donating Federation: United Jewish Federation of Greater Pittsburgh