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Press Releases

Leumi and the Institute of Tax Consultants join forces for the benefit of small businesses in southern Israel following operation "Protective Edge"

In light of the security situation in Southern Israel, which has been continuing for over a month, many small businesses in the frontline have encountered difficulties, including cash flow problems and a significant decline in revenues.

 

As part of the assistance Leumi is providing to residents of the South in general and small businesses in particular, the Bank's Business Departments in Leumi branches in the South and the Shfela region will be open continuously on August 18th and 19th between 08:30-19:00. On August 19th, between 15:00-19:00, small business owners in the South – whom are Leumi customers - are invited to receive a free consultation by a tax consultant from the 'Institute of Israeli Tax Consultants' regarding the receipt of direct and / or indirect compensation from the Government, in light of the economic damage incurred by their businesses due to operation "Protective Edge".

 

In addition, customers can benefit from a variety of attractive loans designed to help them during this period, such as:

 

  1. "Leumi Fund" for Small Businesses" – a loan between NIS 300,000 and NIS 1 million at an interest rate of P+1.9%, in up to 60 monthly installments, with a one-year grace period.
  2. Credit to Support Businesses (current maturities / extension of working capital / loss of revenue) - a loan of up to NIS 200,000 at an interest rate of P+1.75%, in up to 36 monthly installments, with a 6 months grace period. In addition, a 60% discount will be given on credit handling fees.
  3. Bridging Loan - up to NIS 200,000 thousand at an interest rate of P+1.25%, "bullet" for up to 90 days. In addition, an 80% discount will be given on credit handling fees.
  4. Leumi in Cooperation with "Koret Fund" - a loan of up to NIS 100,000 at an interest rate of P+1.5%, spread up to 60 monthly installments, , with a 3 months grace period. In addition, a 50% discount will be given on credit handling fees.

 

For the full list of branches which will be hosting a tax consultant and for further details, please visit Leumi's website (www.leumi.co.il) or call the 'Leumi Call' Center (*5522).