KMU-Loans
As part of the so-called Széchenyi card program, SMEs can take out state-supported loans for their restart after the Corona crisis from July 1.
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The KAVOSZ Zrt. will “step in” for the Hungarian National Bank (MNB), which expires its growth credit program (NHP) at the limit of 3,000 billion forints.
Prime Minister Viktor Orbán promised at a conference on Wednesday that the interest rate on the discounted loans would remain below 0.5%. Already during the Corona crisis, the KAVOSZ, as a financial specialist of the Hungarian Chamber of Commerce and Industry (MKIK) and the employers’ association VOSZ, received 44,000 applications from SMEs and issued almost 1,400 billion forints via the Széchenyi card. The different GO! Constructions that have now been launched are granted with terms of 2-10 years and can reach up to HUF 1 billion when financing real estate or acquisitions (!).
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