Yossi Vaks, Managing Director (CEO)
The Managing Director of the Nativ Company Ltd is a Business Administration and Economics graduate who has acquired considerable experience in company management, is a graduate of the bank management track with 21 years of accumulated experience in managerial and strategic consultancy to companies and businesses in the fields of finance, marketing and organization. He is also a senior lecturer, a mentor recognized by the Ministry of Industry Trade and Commerce, a certified arbitrator and specializes in communication vis à vis banks, in addition to serving as a member of the management of the Israel Business Consultants Association.
Location of Credit Sources
We have at our disposal a wide variety of financing solutions intended for all types of businesses. The sources of our financing solutions are with banking and outside banking institutions, and business credit funds.
Alongside the banking system that traditionally provides loans and credit to small and medium sized businesses, outside banking channels (factoring, credit and bonds) have been established, and funds dedicated to providing loans to small and medium sized businesses at preferential rates have also been founded.
We specialize in providing financing solutions to businesses, representation of companies vis à vis the banks, raising capital and constructing an efficient work system vis à vis the banks, while improving money management, with the objective of assisting in the company’s business development.
Nativ’s consultants are former bankers with extensive experience in financial management, cash flow management, business forecasts, budgets and working with banks.
We utilize dedicated software and other tools for examining and expanding credit frameworks as well as decreasing financing costs by tens of thousands of shekels.
Nativ’s consultants construct credit frameworks customized to the requirements of the business and its combination of securities, while reducing banking costs. Division of and leveraging of activity among the banks and utilization of outside banking credit (factoring, credit and bonds), while spreading risks and constructing a cash flow suited to control of banking activity, while also developing business development strategies.
Commonly accepted objectives for locating credit for a business:
1. Financing at the development, expansion and investment stages.
2. Establishment of a new business, new initiative, new realm.
3. Assistance with operating capital and improvement of cash flow.
State guaranteed loans fund for small and medium sized businesses.
Objectives of the program:
Receipt of state guaranteed loans in two channels of assistance for small and medium sized businesses:
• Loans for operating capital for growing, small and medium sized businesses struggling with cash flow.
• Assistance loans for establishing small and medium sized businesses, or expanding existing businesses.
Target audience:
Small and medium sized businesses with an economic justification for their continued existence and in accordance with the decision of the credit committee and recommendation of one of the coordinating bodies that there is, in fact, reason to assist them with state guaranteed financing.
Conditions of eligibility:
• Annual turnover of up to NIS 100 million.
• No more than a single loan shall be given to that body at any particular time.
• Receipt of authorization after an economic scrutiny by the coordinating body, the bank and the public representative on the credit committee.
Stipulations of the fund:
• The period of the loan: Up to five years while a grace period of half a year shall be given for repayment of the principal.
• Sureties: Between 10% and 25%, depending on the definition of the business (under construction / established).
• Guarantee: The government provides a guarantee of 70% to 80% of the sum of the loan, in addition the personal guarantee of the owner is required.
• The loans are made available by means of the following banks: Mizrachi, HaPoalim, Merchantile, Otzar HaHayal.
• The loan shall be provided in one of the following alternative channels: Shekel linked, shekel unlinked, variable interest, foreign currency linked.
• The interest on the loan, according to the various channels, shall be that commonly accepted in the banking system for loans of that type, and shall be approved by the fund’s committee.
Channels:
• Loans up to NIS 100,000 – shortened channel in terms of handling time: For businesses with an annual turnover of up to NIS 3 million.
• Loans up to NIS 500,000: For businesses with an annual turnover of up to NIS 6.25 million.
• For a loan recipient whose annual sales turnover in the year preceding the request was between NIS 6.25 and NIS 100 million, the extent of the loan shall not exceed 8% of the aforementioned sales turnover.
• Special channel: Businesses under establishment – the extent of securities required from the borrower for the initial NIS 300,000 is only 10% of the sum of the loan, while the government provides a guarantee to the extent of 85% of the sum of the loan. The maximum total of the loan is NIS 500,000 (where the additional NIS 200,000 will be according to the regular conditions of the fund).
Outside banking credit:
Location of credit from outside banking systems, credit companies and insurance companies shall be up to NIS 2 million.
The Nativ – Management, Consultancy and Business Development Company was established in 1993 and from that time until the present has engaged in accompanying businesses, companies and organizations from all sectors of commerce, industry and services. The company’s services extend over the realms of management, finances and marketing, and they are provided to the company’s clients by professional and experienced teams of consultants, who all specialize in their particular fields. Throughout the years of its activities, the Nativ Company has accompanied more than 1,000 diverse businesses, companies and organizations within the Israeli and global economy, all the while focusing on the particular branch of business in which its clients operate.