Home Business Development Co-financing mechanism for facilitating the small and family-owned hotel industry

CO-FINANCING MECHANISM FOR FACILITATING THE SMALL AND FAMILY-OWNED HOTEL INDUSTRY

 

 

The program aims to offer support mechanisms tailored to the  specific stages of development and financial  needs of a business.

  • LOAN CO-FINANCING
  • PROGRAM CONDITIONS

 

  • The mechanism includes the co-financing of the monthly interest rate on the loan issued by the Commercial Bank to a small and family-owned hotel beneficiary from August 1, 2019 for the following 6 calendar months:

            - Not more than 80 (eighty) percent in the case of a loan in national currency;

            - Not more than 70 (seventy) percent in the case of a loan in foreign currency (USD, EUR only).

  • Under the co-financing mechanism, the maximum loan amount is:

           - GEL 300 000 (three hundred thousand) - in the case of a loan in national currency

           -  USD 100,000 (one hundred thousand) - in the case of a loan in USD

           - EUR 80,000 (eighty thousand) - in the case of a loan in EURO.

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