Small Business Loan Program
AACI is pleased to be in partnership with the Koret Foundation's Israel Economic Development Fund (KIEDF) to establish a small business loadn program for AACI members.
Loans can be for up to 5 years and for up to NIS 300,000. They can be used for either starting a new business or expanding an existing one.
The process begins with an applicant turning to an AACI counselor to review basic eligibility, and make the referral to KIEDF. KIEDF wil provide business consulting services including review, advice guidance, and the preparation of a business plan for the applicant. If it is decided to go forward with the loan, the applicant will be introduced to a bank used by KIEDF.
Assuming that the bank approves the loan, AACI and KIEDF funds are used to provide bank guarantees and an interest rate subsidy for the loan. For further details, contact you AACI counselor.