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 groupMicro, small and medium-sized economic operators in the tourism and sport sectors
Maximum guarantee amountsection 3.1 - up to EUR 1,800,000 section 3.2. - more than EUR 1,800,000
Guarantee rate100%90%
Interest rateinterest 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 purposeWorking capital
Minimum guarantee duration1 year
Maximum guarantee durationsection 3.1 – 5 yearssection 3.2 – 6 years
Guarantee coverageLoan principal
Application processing fee0,25%for year 1: 0.25%, from year 2-3: 0.5% and from year 5-6: 1%
Program implementation deadline31.12.2021.