Tourism Support Line 2021

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Recipients

SMEs and Non-SMEs, as defined in Commission Recommendation 2003/361/EC, of 6 May, as well as Small Mid Cap and Mid Cap, as defined in Decree-Law no. 81/2017, of 30 June, located in national territory.

Types Of Operation

  • “Tourism Support 2021 – Working Capital” specific line: operations aimed exclusively at financing treasury needs;
  • “Tourism Support 2021 – Investment” specific line: operations aimed at financing investment in tangible and intangible fixed assets, which contribute to its activity;
  • “Tourism Support 2021 – Bank Guarantees” specific line: bank guarantees provided in favour of third national or foreign entities, which ensure the proper implementation of investments or events, or the fulfilment of payment obligations.

Main Conditions For Access

Companies

• They have fulfilled all obligations related to the Tax Authorities, Turismo de Portugal (Portuguese Tourism Board), the Financial System and Social Security at the time of contracting the financing;

• They comply with the obligation to register in the Central Register of the Beneficial Owner and all the legal obligations arising therefrom;

• They are not subject to insolvency proceedings or do not meet the criteria, under the law, for being subject to insolvency proceedings;

• They are not entities falling under subparagraphs a) and b), under the terms of article 358 of Law No. 75-B/2021, of 24 July.

Financing

Maximum value

More than one operation may be submitted, and the sum total of several operations may not exceed the maximum amount defined per beneficiary.

Working Capital Specific Line:
• Micro enterprises: up to 250,000€
• Small enterprises: up to 750,000€
• Medium-sized and large enterprises: up to 1,500,000€

Investment Specific Line: up to 4,500,000€

Bank Guarantees Specific Line: maximum guarantee amount per operation of EUR 5,000,000€

Deadlines

Working Capital Specific Line: up to 6 years, including a grace period of up to 18 months

Investment Specific Line:
• Micro, Small or Medium-Sized Enterprises: up to 20 years, including a grace period of up to 48 months
• Small Mid Cap, Mid Cap or Large Companies: up to 10 years, including a grace period of up to 48 months

Bank Guarantees Specific Line: up to 10 years

Interest rate

The interest will be fully borne by the beneficiary. By agreement between the Credit Institution and the beneficiary, a fixed or variable interest rate modality will be applied, with a maximum spread of:

• Loans up to 1 year maturity – up to 125 bps
• Loans from 1 to 3 years maturity – up to 150 bps
• Loans from 3 to 10 years maturity – up to 185 bps
• Loans of more than 10 years maturity – up to 2 bps

Mutual guarantee

• Provision of a mutual guarantee of up to 80% of the outstanding capital at any point in time;

• Mutual guarantee fee of up to 2%, fully borne by the beneficiary.

Applications

Submitted to one of the adhering Credit Institutions.

  • Abanca
  • Bankinter
  • BPI
  • Banco Invest
  • Banco Português de Gestão
  • Caixa Central de Crédito Agrícola Mútuo
  • Caixa Económica Montepio Geral
  • Caixa Geral de Depósitos
  • EuroBic
  • Novo Banco
  • Millennium BCP
  • Banco Santander Totta
  • Novo Banco dos Açores

Consultation of this information does not dispense with reading the disclosure document.

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