Interest-free loans of HBOR to entrepreneurs in tourism activities
In order to help businesses in the tourist trade survive despite the effects of the COVID-19 crisis, the Croatian Ministry of Tourism and the Croatian Bank for Reconstruction and Development have collaborated on measures to provide interest-free loans to micro, small and medium sized businesses in the tourist sector. The title of the project is ‘The Business Cooperation Agreement on the Implementation of Measures Ensuring the Liquidity for Entrepreneurs in the Tourism Sector’, and the document was released on April 17th 2020. The minimum amount of the credit on offer is the kuna equivalent of 100,000 €, to a maximum 1.25 million euros. The basic credit term is five years, of which the first three are interest-free.
You can find further details via this link: https://www.hbor.hr/en/interest-free-loans-to-entrepreneurs-in-tourism-activities/.
Details of other financial services offered by the Bank can be found on their website: https://www.hbor.hr/en/