MFB Business Financing Program 2020
The main purpose of the Program of Hungarian Development Bank (hereinafter: MFB Zrt.) is to grant financing with favorable conditions to micro, small and medium enterprises in order to increase their role in employment, to strengthen their innovation ability and supplying activities, to finance their investments aiming at environmental protection, development of rural areas and health care, as well as to provide additional resources for tenders concerning development and investment.
Within the framework of the Program, refinancing contracts and credit agreements may be concluded until 31th December, 2020.
- You can gain access to a HUF investment loan with a maturity of more than one year with favourable, Euro-based loan interest and no currency exchange risk.
- You can bring forward and realize your ideas related to the development of the company.
- You can strengthen your company’s market position.
- The credit can be used for financing of purchase of fixed assets and used assets furthermore for financing of purchase, supply and production of intangible assets in connection with investment, development.
- The credit can be used for financing of permanent working capital in connection with the investment and the loan is available even if the investment has been started.
To micro-, small and medium sized enterprises complying with SMEs criteria of annex I of EU commission regulation No 651/2014 declaring certain categories of aid compatible with the internal market in application of articles 107 and 108 of the Treaty on Functioning of the European Union, as well as enterprises not qualified as SME established in Hungary or established in European Economic Area but having branch of enterprise in Hungary and operating as sole proprietor, sole proprietorship, partnership, cooperative, European joint-stock company.
- Loan purposes:
- Healing in Hungary
- Green economy development
- Home project - Housing
- Enterprise promotion – Development of the business environment
- Science - Innovation - Growth
- General investment purposes;
- Investment purposes related to environment protection;
- Investment purposes related to cultural activities;
- Investment purposes serving health care;
- Healing in Hungary
- Loan amount: Minimum HUF 5 000 000, maximum HUF 3 000 000 000,-.
- Term: Minimum 1 year + 1 day, maximum 15 years. The availability period is maximum 3 years from the conclusion of the contract.
- Repayment: The grace period is maximum 3 years from the conclusion of the contract. The repayment is due after the grace period quarterly in equal installments.
- Interest payment: Calendar quarterly.
- Own funds: Its expected ratio is defined according to the bank’s internal regulations.
- Currency: HUF
- Interest rate: 3 months EURIBOR + RKV1 + maximum 3.5 percent p.a. interest margin, depending on the result of the credit rating and the credit solvency of the Borrower.
- Handling fee: Free of charge.
- Disbursement fee: Flat fee, according to the current List of Conditions for Enterprises, Municipalities and Business Organizations of the Bank2, but maximum 1% of the loan amount, due at the first disbursement.
- Alteration fee: According to the current List of Conditions for Enterprises, Municipalities and Business Organizations of the Bank2, but maximum 1 % of the outstanding capital and maximum HUF 1 000 000,-.
- Credit approval fee: According to in the current List of Conditions for Enterprises, Municipalities and Business Organizations of the Bank2, but maximum 1 % flat fee and maximum HUF 1 000 000,-.
- Availability fee: 0.40 % p.a., calculated on the non-utilized credit line, due calendar quarterly.
- Pre-payment handling fee: According to the current List of Conditions for Enterprises, Municipalities and Business Organizations.2
- For investment in tangible assets;
- for purchase or production of intangible assets directly related to an investment or development;
- for long term working capital financing directly related to an investment or development as well.
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- The usage of the credit must be certified by invoices. At the time of the disbursement the credit facility the invoices must be attached to the disbursement request.
- In case of real estate purchase, additional investments with a minimum value of 10% shall be implemented and activated on the real estate.
- The credit granted with favorable interest rate within the framework of the loan program is qualified as a state aid, while as far as its form is concerned it is qualified as a credit with preferential interest rate in de minimis aid category. The certificate of state aid containing the aid content of the granted credit and the category of aid is issued by MFB Zrt. for the beneficiary.
- The usual collaterals are acceptable for the application. The surety of Garantiqa Hitelgarancia Zrt. or Rural Credit Guarantee Foundation are available optionally.
Further details of the loan program are available on the website of MFB Zrt.:
If you have any questions, please feel free to ask your contact person at the bank, or our colleagues at one of our many bank branches.
1 RKV stands for MFB interest margin that varies yearly. Its rate equals to 1.5% in 2014 and 2015. MFB quotes its rate till 30. November each year valid for the next year.
2 For Small Business Customers according to the current “List of Credit Fee Conditions for Small Business Customers”. Small Business Customers are defined in the current “List of Conditions for Small Business Customers”.
This information should not be considered an offer. The Bank reserves the right to change the conditions. UniCredit Bank reserves the right to decide individually on loan disbursement and on the amount and conditions thereof, based on the loan application and documents submitted.