Interest free Loans
We are SparkIL, a For-Impact organization that facilitates interest-free loans to small businesses in Israel.
Our main goal is to assist small businesses as well as impact organizations to navigate this challenging period. We are proud to offer our emergency fund with loans of up to 100,000 NIS!
No interest. No need for guarantors. 5 Year payment track.
Small Businesses
For-Impact Organizations
Businesses affected by the current war (Oct 2023)
Organizations affected by the current war (Oct 2023), or that want to expand their activities to help in light of the war
Who can Apply?
Up to 100,000 NIS for a licensed business or LTD.
Up to 40,000 NIS for an exempt business
Up to 100,000 NIS
Loan Amount
Business age: Over a year.
Business annual revenue: Up to 2 million NIS
2 audited financial reports are required
Annual budget- up to 4 million NIS
Threshold Conditions
No need for a guarantor!
Application through a business advisor. It will be required to submit an explanation for the need in light of the war. For ages between 22-67
No need for a guarantor!
Application without the need for a business advisor. It will be required to submit an explanation for the need in light of the war. For ages between 22-67
Additional Terms and Conditions
Loans for Small Businesses (Routine)
Existing businesses
New businesses (up to one year)
Small businesses with an annual turnover of up to NIS 2,000,000, age range 22-67. Preference will be given to business owners from the social and geographic periphery and/or social businesses, and to businesses of reservists, evacuees and farmers.
Read more here.
Small businesses with an annual turnover of up to NIS 2,000,000, age range 22-67. Preference will be given to business owners from the social and geographic periphery and/or social businesses, and to businesses of reservists, evacuees and farmers.
Read more here.
Who can Apply?
Licensed dealer – up to NIS 90,000
Exempt dealer – up to NIS 40,000
Licensed dealer – up to NIS 90,000
Exempt dealer – up to NIS 40,000
Loan Amount
Loans up to NIS 50,000: You can submit an abbreviated business plan independently
(click here).
Loans over NIS 50,000 and up to NIS 90,000: submission through a business consultant along with a business plan.
Submitting the application through a business consultant along with a business plan
Threshold Conditions
Loans over NIS 50,000 require a guarantor
A guarantor is required
Additional Terms and Conditions
About SparkIL
Spark is a non-profit organization, jointly owned by Ogen (a non-profit organization) and the Jewish Agency. SparkIL grants interest-free loans to small businesses and now in the emergency situation to non-profits as well.
