The elected
Economy and business
State-guaranteed loans are your business leap
Yaakov Alon, a state-guaranteed loan consultant, has closely accompanied the opening and expansion of dozens of businesses in Israel over the past year, despite the economic crisis.
Now, he tells us about the most correct and affordable way to start a new business in Israel
Tags
Loans
State-guaranteed loans
small businesses
In collaboration with Yaakov Alon
Sunday, March 14, 2021, 10:15 p.m.
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Yaakov Alon (Photo: Basket of Consultants)
Yaakov Alon holds a degree in Business Administration and Industrial Engineering and Management, served for 12 years as CEO of a company that provided business consulting, and personally advised over 1,500 businesses - from small businesses to large companies in the economy. He currently specializes in two-purpose state-guaranteed loans. : One is loans to start a new business and the other is state-guaranteed loans for the expansion of an existing business.
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The stick in the wheel of the Israeli economy
Quite a few people have a fantasy of starting a business to their liking.
A small new cafe that will play exactly the music they love, a new beauty salon or a new moving company.
However, only some manage to jump into the water, which is considered particularly deep.
"The chance of people starting a new business with the help of the banking system in the State of Israel tends to be zero," says Alon. "The bank will always prefer to give a loan to a business that has been running for several years, over loans to start a new business." "A talented company with great potential to succeed, who only need the initial push to start a business that thrives, or a boost of cash that will allow them to step up their business, and the bank turns its back on them. It is a great injustice that only state-guaranteed loans can correct."
What makes state-guaranteed loans the ultimate solution for starting a new business?
"The state is a more stable business than any bank. Therefore, it is willing to take risks in a way that the bank cannot afford. In addition, the state is responsible for driving the economy, and there is no more powerful engine than a newly opened business. Every business runs a different chain of businesses." "The country, which wants to take part in this cake, has an interest in helping small entrepreneurs realize their capabilities, and open or expand businesses."
The solution that the state offers to market failure - which does not allow for a business loan to open a new business on reasonable terms - is to provide a guarantee for loans on exceptional repayment terms, which in the official name are called state-guaranteed loans.
"This is the best solution available on the market today in all aspects," Alon claims, expanding on the exclusive benefits of taking a state-guaranteed loan:
Wide layout
"The state provides a loan for a period of 5 years. This is an unusual period of time, as banks usually offer between 12 and 24 payments, no more than 30, and that's right if you are lucky. The repayment schedule is an element that can build or bring down a business, because "Even if he received a loan for a new business, the fact that every month he loses a large sum that strangles him even before he put in a shekel, can hurt him greatly."
Grace time
"From the moment you take out a loan for a new business, the state gives you a 'grace period' of six months in which you will not pay the repayments. This is in stark contrast to banks, which lower payments as early as next month. This is an amazing advantage for so many businesses. In a big tender that will put him in a lot of work, and he has to buy a new machine to meet the demand, he has to order the machine, install it, start producing and selling to the customer, who will probably pay him a current +60, so it can easily take a good few months until he sees the money "This grace period basically allows the business owner to start repaying the loan to start a new business only from the moment he reaches the destination for which it was taken in the first place, and sees the revenue. It is a privilege that gives any business owner peace of mind and breathing space."
Low interest rates
Convenient repayment times are an important issue, but no less important is the interest rate, which is basically the price tag of the loan. While in a regular bank loan, the interest rate index is almost never negotiable, the guarantee the state gives to the bank - the body that actually releases the loan - makes you "For a VIP customer, who pays less. The state instructs the bank to charge a specific customer a lower interest rate than what is customary in the market. State-guaranteed loans are a form of protection from the state, which signals to the bank that it is a special customer.
The engine of the Israeli economy is the key to business success
There is no doubt that starting a business in Israel is a Sisyphean process, and to succeed is a challenge in itself.
Most people are unaware of the huge capital invested in small and medium-sized businesses through state-guaranteed loans, which constitute the Israeli economy, and function as the largest engine for the opening of new businesses and the prosperity of existing businesses.
As someone who has lived and breathed the business arena for years, only last week did Alon cut the film to open seven new businesses in Israel, which, with the help of his professional mentor, won tenders for state-guaranteed loans to open a new business.
As someone who has unparalleled knowledge and experience, he helps people fulfill their dream of starting and running a successful business in Israel.
Yaakov Alon, State-guaranteed loan advisor
050-762-7623
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