MFB announces a 70 billion HUF SME loan program

The Hungarian Development Bank (MFB) will launch its SME loan program called MFB financial enterprise refinancing scheme II.

The frame of the loan program is a total amount of 70 billion HUF. The loan program mainly targets small and medium-sized enterprises (SMEs) that can not obtain credit from commercial banks due to their size or age – the bank told MTI. It is reported that the loan is available from 1 million HUF to even 100 million HUF. (MTI)