Finance panel okays war loans

The Knesset's Finance Committee approved on Monday Finance Minister Avraham Hirchson's request to extend loans for small businesses and allow small business owners who served in the IDF during the war to receive state-guaranteed loans.

By DANIEL KENNEMER
September 19, 2006 08:51

The Knesset's Finance Committee approved on Monday Finance Minister Avraham Hirchson's request to extend loans for small businesses and allow small business owners who served in the IDF during the war to receive state-guaranteed loans. The loans - for up to NIS 135,000 - had previously been available only to small businesses in the North. Under the change, small businesses - whether located in the North or operated by reservists called up for the war - will be able to receive the funds through the banks until the end of October, instead of the original September 15 deadline.


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