Bank guarantee program to help food processors

The Food Industry Bank Guarantee Program of Hungarian Development Bank (MFB) provides a total of 37.5 billion HUF working capital loan for helping out the businesses.

With the 90 percent state bail the government expects to encourage the commercial banks' on lending. Small and large food businesses can claim bank guarantee which deals with meat, fruit and vegetable processing, with food preservation, with dairy or bakery products with manufacturing, and with the production of wine. The rate of the bank guarantee is at least 200 million HUF, so this option provides effective assistance to larger companies – reports Üzlet & Siker.