Small businesses in Israel have to deal with great uncertainty.
Although they drive the wheels of the Israeli economy and employ most of the workers in the economy, many of them face difficult challenges: high taxes, regulation, security situation, fierce competition and high sensitivity to fluctuations in markets in Israel and around the world.
Therefore, they are also the ones who need diverse and high availability banking services.
At Mizrahi Tefahot Bank, we believe that small businesses deserve professional and quality service, with high availability and in every channel in which they choose to operate, with a package of solutions tailored to the needs of each business.
Someone is taking care of you
"Small businesses are more exposed to change, and many of them were also significantly affected during the Corona period," says Shabi Shemer, vice president and director of the retail division at Mizrahi Tefahot Bank.
Therefore, for every business customer, we attach a banker who takes care of him personally, knows him and his highs and lows, knows how to identify difficulties and help ahead of time. "
Among other things, the role of the banker is to adapt various credit solutions to the business owner and to accompany the business activities of the business on an ongoing basis.
"You can invite the banker to physically come to the business and it is recommended to update it on any issue, so that you can get the right answer at the right time," Shemer recommends to business owners.
The personal banker for small businesses is available in a variety of hybrid means of communication: at the branch, by phone, by SMS and of course digitally - on the website and in the app.
"In the evening, business owners will be able to receive a telephone service at the Mizrahi Tefahot Banking Center, which provides answers beyond the branch's operating hours," she adds.
Shavei Shemer, VP and Director of the Retail Division at Mizrahi Tefahot Bank // Photo: Rami Zranger,
air to breath
The economic roller coaster of the past two years has put many small businesses to the test, with cash flow difficulties that have sometimes threatened continued operations.
Mizrahi Tefahot offers a variety of financing solutions, which can also provide the necessary support as the business progresses to the next stage, recruiting employees or purchasing equipment.
The Bank assists in providing credit, inter alia, through state-guaranteed loans to finance working capital, expand the business or establish a new business.
"Mizrahi Tefahot Bank won the state tender for providing loans to small and medium-sized businesses within the framework of the state-guaranteed fund - an activity that the bank leads in cooperation with two institutional entities (Altshuler Shaham Investment House and Phoenix Insurance Company)," says Shemer.
At the same time, Mizrahi Tefahot offers a special benefit for small businesses that are interested in transferring their activities to the bank - a joining loan offered at an attractive interest rate and with a convenient spread.
The loan is suitable for companies and authorized dealers.
The joining loan can be redeemed for up to one year from the date of opening the account, in the amount of up to NIS 125,000, depending on the monthly business turnover.
"It's important for us to give small businesses a variety of options that will help give some breathing space when gaps are created, and will also be helpful in a time of positive change, like business expansion," says Shemer.
As part of the service, Mizrahi Tefahot also provides dedicated foreign trade benefits intended for new customers or customers who want to increase their activity in international markets.
Learn to do it right - at no cost
Many business owners, and especially the new ones, find that alongside day-to-day operations they need to specialize in a variety of areas, such as employee management, resource mobilization, working with suppliers and non-stop marketing.
To support business activities, the Bank offers the "College of Business", a project in collaboration with the Israel Center for Management, which has been running for six years. The college offers courses in marketing and financial management, in five sessions of three hours each. Professional and effective practical tools, provided as a free benefit to Mizrahi Tefahot Business Club customers.
"Joining the business club is automatic, upon receipt of a business credit card," explains Shabi Shemer.
In addition, business owners will be able to join the "Meet Business" program, which includes professional lectures in various fields that are also provided as a free benefit, and are held at branches, Zoom or Facebook Live.
"An important tip for any small business is to build a business plan," she concludes.
"This does not have to be a structured strategy but more a reading of direction, knowledge of the field and how it can be adapted to changing market needs. The bank wants to know the person behind the business, because good banking is ultimately a meeting of desires, needs and people."
Join more and more businesses that have advanced to Mizrahi Tefahot and enjoy a personal banker and a unique service envelope.
Our business bankers are waiting for you, call: 8860 *
It is also possible with a WhatsApp message at 076-881-8860