A guarantee is a legal-financial document, considered a strong and preferred security in the business world; the issuing financial body (the guarantor) is a stable institution with financial resilience. The document is issued at the request of the customer and includes: the purpose of the guarantee, the name of the beneficiary, the amount of the guarantee, the conditions, and the validity. Upon receipt of a request for a claim under the guarantee, the issuing body must respect and transfer the amount without proof of the claim’s validity. The issuance of the guarantee involves a payment of fees. Once issued, a guarantee cannot be revoked. The guarantee is valid for one year, and may be renewed/extended as needed.
Bid Bond: Designed for tenders by local authorities, government ministries and general contractors. Intended to express good faith, and is forfeited when a bidder wins. Standard amount: 3%-10% of the proposal.
Performance Guarantee: Ensures performance of the contractor’s obligations under a contract with the project owner. Awarded at commencement and valid throughout the term. Standard amount: 3%-6% of the work’s value.
Inspection/Quality Guarantee: Replaces the performance guarantee at the completion of the work. Acceptable Scope: 1%-3% of the work’s value. Usually valid for two years.
Financial Guarantee: Designed to secure payments, e.g., by shops and offices in malls and office towers.
Designed for tenders by local authorities, government ministries, and general contractors. Intended to express good faith and is forfeited when a bidder wins. Standard amount: 3%-10% of the proposal.
Ensures performance of the contractor’s obligations under a contract with the project owner. It is awarded at the commencement of performance and valid throughout the entire term. Standard amount: 3%-6% of the work’s value.
Replaces the performance guarantee at the completion of the work. Acceptable Scope: 1%-3% of the work’s value. Usually valid for two years.
Designed to secure payments for example, by shops and offices in malls and office towers.
Nonbank Credit for BusinessBridging loans for businesses
Short-term loans designed to bridge cash flow gaps, finance urgent business opportunities, or assist in completing projects. The loans are backed by existing real estate assets, and serve as a temporary solution until long-term financing is obtained. .
Real estate backed loans
Peninsula offers loans on attractive terms, backed by real estate assets and combined with flexible repayment schedules. The loans are customized to the needs of the business client. .
Guarantees
The company issues a variety of guarantees to its clients: performance, tender, quality and inspection guarantees, and financial guarantees to secure payments – in accordance with the requirements of institutional bodies and business projects .
Discounting commercial checks
Peninsula, from Meitav, is a leader in check discounting services for businesses. The service is available for transactions over 80,000 NIS, with immediate payment by bank transfer versus deferred checks by bank transfer.
Real estate financing
The company offers financing solutions and support for projects in the residential real estate sector, within the framework of urban development and renewal. Including TAMA 38/1, 38/2, and evacuation-construction projects.
Financing equipment purchases and suppliers
Purchase and supplier financing is a service that allows businesses to purchase facilities, goods, and services from various suppliers, without encountering financial difficulties.
After 20 years of finding financing solutions for businesses in a wide variety of fields, Peninsula, a public company traded on the Tel Aviv Stock Exchange, has in recent months begun providing financial support to real estate developers in the field of urban renewal.
While the war and market challenges have brought the construction industry to one of the greatest crises it has known since the establishment of the state – many construction companies continue to build Israel. One of the reasons for this is the entry of non-bank financing companies, such as Peninsula, into the picture • In a special interview, Jackie Cohen, CEO of Peninsula, emphasizes the importance of non-bank financing for the success of projects
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The provision of this information is done voluntarily and with my consent, including information I may be legally obligated to provide. I understand that failure to provide the information required by the company for the provision of its services may prevent me from receiving those services, in whole or in part. The above does not constitute a commitment to grant a loan or provide credit.
The above does not constitute a commitment to grant a loan or provide credit.
The offer of a loan/credit is subject to meeting underwriting conditions, based on the individual circumstances of each client, at the sole discretion and terms determined by Peninsula alone. The final terms of the loan/credit will be determined based on the specific transaction conditions of each client. Failure to meet loan repayment or credit obligations may result in the accrual of default interest and enforcement proceedings.
Einav Plid has experience in telecommunications and pension sectors. She has over 12 years of extensive managerial experience in the fields of client relations, operations, and organization and methods. In her previous roles, she was responsible for cross-organizational processes involving the implementation of work procedures and information systems. Plid holds a Bachelor’s degree in Political Science from the Open University.
Has 16 years of experience in the field of business credit, corporate finance, real estate and diamonds.
In his previous position, he served as director of the diamond sector at Union Bank of Israel Ltd., after holding various management positions in the department of business credit.
He holds a bachelor’s degree in business administration with a specialization in finance and IT from the College of Management and a master’s degree in business administration with a specialization in finance and the capital market from the Ono Academic Campus.
Roy Maman has over 12 years of extensive experience in managing business credit. His career includes serving as a manager in the corporate department of a leading bank, as an analyst, and as a senior credit officer. In his previous role, he served as Head of Credit Risk at Peninsula. Maman holds a Bachelor’s degree in Economics from Tel Aviv University.
Michael has extensive experience accompanying public and private companies covering legal aspects in a wide array of fields, including capital and debt raising, mergers and acquisitions, commercial transactions and insolvency proceedings. Before joining Peninsula, Michael was employed as an attorney in the Capital Markets and Securities Department at Pearl Cohen law firm. Before that, he served as an attorney in the Commercial and Capital Markets department at Yigal Arnon & Co law firm, where he accompanied Peninsula as an external legal advisor when it was listed at the Tel Aviv Stock Exchange. Michael has a B.A in Law from the University of Haifa.
Nissim Laham possesses vast experience as a CFO in various public and private companies. He has held roles as CFO and board member in numerous financial institutions (including financial organizations), holding companies, industrial firms, and commercial enterprises such as Meitav Investment House Ltd., Meitav Trade Ltd., Gaon Group Ltd., and Gaon Holdings Ltd. Laham is a certified public accountant (CPA) and holds a B.B. degree in Business Administration with a specialization in Accounting from the College of Management Academic Studies in Tel Aviv.
Yafit Yehuda has over 20 years of extensive experience in managing and financing transactions, including real estate deals. She brings a deep familiarity with the financial and business sectors of the Israeli economy. Her career includes senior management roles in the Corporate Division of Mizrahi Tefahot Bank, as well as serving as Credit Manager in the Investment Division of Menora Mivtachim. She was also CEO of the Phoenix Value Urban Renewal Fund and currently serves as an external director at a public real estate company.
Jacky Cohen brings extensive managerial and financial experience, along with a profound familiarity with the Israeli business landscape across all sectors. He is known for devising creative financial solutions. His career includes a distinguished tenure as a senior executive at Bank Hapoalim, where he held several prominent managerial positions. He led the Options Unit (MAOF), managed the Financial Products Department, and later transitioned to the Corporate Division, serving as a Client Relations Manager responsible for a capital markets team. He also managed the High-Tech, Industry, and Capital Markets sector and headed the Commercial Banking Division.
In the last five years of his career at the bank, Cohen served as Head of the Corporate Division. Following his departure from the bank, he became the CEO of a non-bank financial institution.
