NGM: from March, domestic businesses can apply for the fixed 3 percent SME loan with a higher loan amount and loan redemption option

The aim of the changes is to enable SMEs to implement their development ideas faster, more flexibly and in larger volumes, thereby strengthening their competitiveness and market position.

The NGM highlighted that “in order to support Hungarian enterprises even more intensively, the maximum loan amount that can be requested has been increased from the previous 500 million We increased the company-level limit from HUF 1.4 billion to HUF 2 billion.” The higher financing ceiling enables the implementation of more complex, higher-value investments, technological modernization, digitalization and energy efficiency developments, as well as capacity expansion or even the creation of new locations – they added.

– the NGM.

Richard Szabados, State Secretary for the Development of Small and Medium-Sized Enterprises, Technology and the Defense Industry at the Ministry of National Economy, highlighted in the announcement: the amendments serve both financial stability and development, as SMEs can simultaneously respond to market opportunities, improve their productivity and at the same time structure their loans more favorably.

The 3 percent fixed interest rate continues to create a predictable financing environment, while the amendments can contribute to an increase in the number of investments, further strengthening the performance of enterprises, and the long-term sustainable development of the economy – the NGM wrote.