Interest-free working capital loan for micro and small businesses

By: Trademagazin Date: 2025. 09. 03. 09:46

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The working capital loan program offered by the Hungarian Development Bank (MFB) primarily supports liquid operating costs and inventory purchases, and is available to micro and small enterprises operating in the manufacturing industry. The “SME Technology Plus” Loan Program (GINOP Plus 1.4.3-24) “B” working capital loan provides a fixed zero percent interest rate with European Union co-financing, the financial institution noted in its Wednesday statement.

Most loan structures primarily support development goals and the implementation of new investments, while financing daily expenses is often more difficult.

What is new in this regard is the “B” working capital component of the SME Technology Plus Loan Program available at the MFB, with which micro and small enterprises can obtain funds without their own funds, by drawing down up to 100 percent in advance.

At least 65 percent of the 70 billion forint budget will go to districts to be developed and the four regions that need to catch up the most (Southern Great Plain, Southern Transdanubia, Northern Great Plain, Northern Hungary).

Manufacturing enterprises can apply for loans between 1 million and 20 million forints per transaction, for a maximum term of 6 years. The fixed zero percent interest loan is not subject to any management costs and prepayment is free of charge, and even the joint and several guarantee of the private owners is sufficient as collateral – the MFB explained.

The advance must be settled within 12 months of disbursement at the latest, according to the announcement.

The working capital loan can finance not only inventory and material purchases, but also operating costs, such as wage costs, services used and overhead costs.