Do you have a business in Israel and have written your business plan?(Read also: Preparing your business plan from A to Z).
Have you decided which status would best suit your company in Israel?(Read also: How do you choose your status in Israel?) Well done!
The next step: Finding the financing you need to start your businessRead also: How can I obtain a loan in Israel for my business?
Dray & Dray presents the following sources of financing in Israel:
- Financial institutions - business loans from your bank or another institution. You don't have to limit yourself to just one source - in fact, it may be in your best interest to diversify your sources of financing.
- Personal down payment - funds or assets that you invest yourself (this is normally one of the conditions for obtaining a loan).
- Relatives' money - loans from family or friends, repayable when your business is profitable.
- Investors - Most investors prefer knowledge-based companies with prospects for rapid growth and high profits.
- Government subsidies - Take a look at the programs offered by government agencies and departments.
- Call on our firm to assist you in obtaining loans and/or financing from banks & government institutions.
- Supplier financing - Companies generally have a payment policy of 30 or 60 days after delivery (Shotef + 30/60 d). You should check with each supplier, as many of them are likely to give you a discount when you pay the invoice before the set deadline.