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We start 2021 with good news for this sector, which has been greatly affected by COVID-19: the facility for loans to tourism and catering providers has been renewed and expanded, which came into force in July 2020, to continue supporting and ensuring business continuity. “- says Kęstutis Motiejūnas, General Director of INVEGA.
Companies in the tourism sector that have valid certificates of classification of tour operator or accommodation service and have submitted to the Registration Center in 2019 can request preferential loans from INVEGA. set of financial statements. In addition, another condition must be maintained: the borrower and the group of companies to which the borrower belongs in 2019. December 31 were not considered in difficulty.
To obtain a loan, entrepreneurs will need to submit a projected income statement, cash flow data, and a small and medium business status statement.
According to K. Motiejūnas, in order to help tourism and public catering service providers, the state allocated LTL 30 million for the implementation of the measure. EUR. After adjusting the need for funds, 22 million. Eur is intended to provide loans to accommodation and catering service providers who need these borrowed funds to cover basic expenses such as salaries, rental of premises or equipment, etc. The remaining 8 million. Eur is intended for tour operator settlements with tourists whose trips have been canceled due to the COVID-19 pandemic.
The maximum amount of a loan can reach 3 million. EUR. Depending on the size of the loan requested, the contract can be concluded for a period of 72 months and repayment can begin no later than 12 months later. after the contract signing date. Loans will be disbursed no later than 2021. September 30
Detailed information on the conditions of loans to tourism service providers, eligibility requirements can be found on the INVEGA page.
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