EU-funded SME Tech Development Program Launches in April
The HUF 155.5 bln SME Technology Plus Loan Program funded by the European Union will be available from the end of April for domestic micro and SMEs, the Hungarian Development Bank (MFB) said, according to a report by state news wire MTI.
The business development program will provide interest-free credit for increasing the productivity and added value of domestic SMEs through the support of technological and organizational innovation.
Businesses can apply for loans between HUF 10 mln and HUF 100 mln per project at outlets of the MFB and through MBH Bank and Gránit Bank.
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