MFB adds to businesses eligible for interest-free microloans

Banking

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The Hungarian Development Bank (MFB) on Friday said the range of businesses eligible for interest-free microloans the government has launched to help small companies recover from the crisis will be expanded from Tuesday, according to a report by state news wire MTI.

The scheme started on Monday and was open to companies in the catering, tourism, culture, and sport sectors.

MFB said more than 5,000 businesses had applied for the microloans, so far.

The interest-free loans are available for amounts of between HUF 1 million and HUF 10 mln. The 10-year loans have a three-year grace period.

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