Businesses apply for over HUF 20 bln of recovery microloans
So far, almost 3,000 microbusinesses and SMEs have applied for HUF 20.4 billion in interest-free microloans the government has launched to aid the economic recovery, state secretary Tamás Schanda said on Thursday, state news wire MTI reports.
The interest-free loans are available to businesses in sectors hit hard by the pandemic for amounts of between HUF 1 million and HUF 10 mln. The 10-year loans have a three-year grace period.
The credit is available at Hungarian Development Bank MFB Points at select branches of Takarékbank, Budapest Bank, OTP Bank, MKB Bank and Gránit Bank.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.