They will also benefit from accelerated depreciation. The loans will be available from the banks at interest rates whose maxima are controlled. This is the maximum that can be charged in Israel. Firms which can raise funds abroad more cheaply are free to do so. It will also be possible to obtain a mix of loan guarantees and grants.
Guarantees are then available for loans for up to the same amount as the grant.
Tax concessions and accelerated depreciation are also available. The 1991 budget allocated NIS 700 million for this scheme. 6 Approved enterprises under any option are eligible for exchange rate compensation. In support of local production.