Tourism Microcredit Line for the Interior

It was created through Normative Dispatch n.º 8/2023 the Tourism Microcredit Line for the Interior, which is intended to support investment projects in the tourism sector for micro and small companies.

The maximum investment must not exceed 50,000 euros.

The support is in the form of an interest-free loan, corresponding to a maximum of 90% of the eligible investment, with a maximum value of 30,000 euros. The repayment period is 7 years, including a 2-year grace period.

A performance bonus may be granted, which translates into non-repayment of 30% of the loan granted, provided that the goals set out in the application are achieved in the second full year after completion of the investment based on three indicators: Turnover, Gross Added Value, and Work stations.

Applications take place on a continuous basis.