Nearly PLN 60 million will go to micro, small and medium-sized enterprises in the tourism sector in Eastern Poland. It is an action under the next tranche of funds launched under the Entrepreneurial Eastern Poland - Tourism project. Companies that run or want to run a business in the Lubelskie, Podkarpackie, Podlaskie, Świętokrzyskie or Warmińsko-Mazurskie voivodeships may receive preferential loans for development or financing of expenses related to their current operations.
Entrepreneurial Eastern Poland - Tourism is a support project for micro, small and medium-sized enterprises operating in the tourism and tourism-related industries. These companies can allocate the funds received, among others, for the construction, renovation or expansion of accommodation or catering facilities, sports and recreation infrastructure, spa, cultural and entertainment infrastructure, tourist transport, as well as the organization and intermediation of tourism. Craftsmen and artisans as well as entrepreneurs producing and selling organic food, traditional and regional products can also apply for loans. The project is financed by the minister of finance, funds and regional policy from national funds, while it is managed by Bank Gospodarstwa Krajowego, and distribution in the regions is handled by financial institutions.
The loan value is for each entrepreneur is to PLN 500,000. It can be paid back for a maximum of seven years. The interest rate is 0.19 percent. It is also possible to take advantage of a 12-month grace period in repayment of the loan and a variable amount of installments - the amount of loan repayment installments may take into account the seasonal nature of tourist activity.
Entrepreneurs affected by the difficult situation related to the COVID-19 pandemic can take advantage of a better loan terms from the Entrepreneurial Eastern Poland - Tourism project. The loan may be used in its entirety to finance expenses related to the company's day-to-day operations.