Photo Credit: Yossi Zamir/Flash90
Stores in the Nachalat Shiva neighborhood of Jerusalem. Archive (2009)

(JNi.media) Responding to the needs of many distressed Jerusalem-based businesses in the midst of a wave of shooting and stabbing attacks, UJA-Federation of New York announced on Wednesday that it has allocated $200,000 in capital to guarantee approximately 5.4 million Israeli shekels ($1.4 million) in emergency loans through The Jewish Agency’s Loan Funds Initiative.

“The wave of terror has significantly reduced revenues for many Jerusalem businesses that rely on foot traffic and walk-in customers,” said UJA-Federation CEO Eric S. Goldstein, explaining that “UJA-Federation is acting as the guarantor for very favorable loans to support businesses that might not otherwise be able to qualify in these turbulent times.”

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Businesses interested in applying for these emergency loans should email [email protected] or call 02-679-4242 to receive help preparing and submitting applications and all necessary financial statements. All applications will be answered within ten working days.

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