The Baross Gábor Restart Loan Programme is a Hungarian government support programme set up to mitigate the economic impact of the COVID-19 epidemic.
2-min read
The aim of the programme is to help businesses and self-employed individuals to get through the difficult economic period and to reopen and restart their operations. It is one of the largest ever government loan programmes in the country, worth HUF 700 billion, and will start from February 2023.
The loan will be offered at a fixed interest rate of up to 6 percent in forint and 3.5 percent in euro, with applications open until 15 December 2023, when the available credit line will be empty.
The scheme offers loans at favourable interest rates, which businesses can use to cover their operating costs, pay rent and debts, and purchase equipment. The loan scheme also gives a wide range of businesses the opportunity to refinance their existing loan portfolio in difficulty.
The Baross Gábor Restart Loan Programme could be particularly beneficial for businesses and self-employed individuals who have been severely affected by the COVID-19 epidemic and its economic impact and are experiencing difficulties in maintaining their operations and reopening.
The loan programme may be particularly recommended for businesses that previously had a good credit history but have experienced financial difficulties due to the epidemic. The Restart Loan Scheme can help them to get through the difficult period and get back on track.
It is important to note that the terms and availability of the loan scheme are subject to change and it is worth checking the loan scheme website or with the help of experts.
