Bank Hapoalim to launch small business fairs, increase credit

The bank announced a doubling of overall credit granted to small and medium businesses through special funds.

By
July 1, 2013 23:18
1 minute read.
Bank Hapoalim

Bank Hapoalim 311. (photo credit: Ariel Jerozolimski )

Bank Hapoalim announced Monday that it would hold a series of fairs for small and medium businesses, offering owners and potential entrepreneurs a series of tools to help establish and manage businesses.

The bank announced a doubling of overall credit granted to small and medium businesses through special funds, which it says is expected to reach NIS 2 billion. It said that the dedicated fund for such businesses, called Working for Growth, will increase by NIS 200 million.

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The fairs, called Working to Establish Businesses (in Hebrew it’s a take off the bank’s name) are to be held in Tel Aviv, Jerusalem and Beersheba on July 21, and in Nazareth on August 27, following the end of Ramadan.

At the events, to be free of charge, exhibits are to walk entrepreneurs through the basics of establishing a business, providing information on the relevant government agencies, how to build a business plan, social media and marketing, and financing.

“Bank Hapoalim’s vision is to accompany its customers to growth and financial freedom,” said Lilach Asher Topolski, who runs the retail banking sector at Hapoalim.

The bank “believes that the small- and medium-business sector is the backbone of the economy and its advancement contributes to growth and employment in all regions, especially in peripheral communities,” she added.


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