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
5 Year payment track
Interest-Free Loans
for Small Businesses
and Impact Organizations
SparkIL, a for-impact organization, provides interest-free loans to small businesses and impact organizations in Israel. Our emergency funds offers loans up to 100,000 NIS without interest.
Eligibility:
For Small Businesses:
- Up to 100,000 NIS for licensed and limited businesses.
- Up to 40,000 NIS for exempt businesses.
- Businesses have annual revenue up to 2 million NIS.
For Impact Organizations:
- Annual budget up to 4 million NIS.
- Two audited financial reports are required
Application Process:
Applications should include an explanation of the need due to the war (if relevant), and are open to individuals from age 22.
Additional Terms:
- For loans up to 50,000 NIS, an abbreviated business plan can be submitted independently (for existing businesses).
- For new businesses and for loans over 50,000 NIS, a business consultant is required.
#bringthemhome
We extend our heartfelt support and prayers to Jon Polin, a founder of SparkIL, and his entire family, as their son Hersh was kidnapped and is held hostage byHamas in Gaza. We pray for a safe and swift return for him and all those held in Gaza.