The HUF 1 million-10 mln loans, announced by Prime Minister Viktor Orbán a month earlier, will first go to companies in the tourism, catering, culture, and sport sectors.
MFB said HUF 100 bln has been earmarked for the ten-year loans which have a three-year grace period. The credit may be used for payroll, utilities, inventory or working capital.
Applicants must show they had a profit at operating level in 2019, excluding unviable businesses from the scheme.
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