FINANCIAL INSTRUMENTS
Loan Guarantees in the tourism and sport sectors
Conditions defined by the program:
| Feature/product (financial instrument) |
State aid program for the tourism and sport sector in the current COVID-19 pandemic | |
| Target group | Micro, small and medium-sized economic operators in the tourism and sport sectors | |
| Maximum guarantee amount | section 3.1 - up to EUR 1,800,000 | section 3.2. - more than EUR 1,800,000 |
| Guarantee rate | 100% | 90% |
| Interest rate | interest rate must be at least 0.5 percentage points lower than the interest rate that the Beneficiary would have had if the loan had not been secured by a guarantee issued under this Program | |
| Loan purpose | Working capital | |
| Minimum guarantee duration | 1 year | |
| Maximum guarantee duration | section 3.1 – 5 years | section 3.2 – 6 years |
| Guarantee coverage | Loan principal | |
| Application processing fee | 0,25% | for year 1: 0.25%, from year 2-3: 0.5% and from year 5-6: 1% |
| Program implementation deadline | 31.12.2021. |
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