MFB PVRK Working Capital Loan program
Up to 200,000,000 HUF
For real estate and other working capital purposes
Fast assessment
The MFB PVRK Working Capital Loan Program, available through Hitelpont Financial Services Ltd, is a loan structure tailored for the needs of micro, small, and medium-sized enterprises (SMEs), offering favorable conditions to help develop your business.
Up to HUF 200,000,000 for real estate and other working capital purposes, with fast processing
The loan, optimized for micro, small, and medium-sized enterprises, provides preferential external financing for the purchase of current assets, thereby enabling the development of your business and the expansion of your economic activities. You can apply for up to 200,000,000 HUF for real estate purposes or up to 100,000,000 HUF for purchasing other working capital items such as parts, goods, raw materials, inventory expansion, or accounts receivable.
Most common purposes of the MFB PVRK working capital loan program:
- Real estate purchase (as a working capital asset)
- Inventory
- Accounts receivable
- Raw materials
- Parts
Fast processing, favorable credit evaluation for SMEs, with a loan term of 5 years.
The loan for real estate purposes can be requested with at least 10% own contribution, while for non-real estate working capital purposes, the loan can be applied for without own contribution.
Why choose the MFB PVRK Working Capital Loan program?
- Simple. Easy and affordable access to funds for inventory expansion.
- Practical. Can be used for real estate purchases for working capital purposes.
- Flexible. Even businesses that are not eligible for commercial bank loans (e.g., those with foreign ownership) can apply.
- Favorable. Competitive fee structure, simplified loan application process.
What interest rate constructions are available?
- Variable Interest Rate: The interest rate is indexed to the 3-month BUBOR, and it can change every three months during the loan term.
- Fixed Interest Rate: The base interest rate does not change depending on BUBOR, so it remains fixed throughout the term. The base interest rate is determined based on the loan term length. For further details, please contact our colleagues.
Conditions
| Currency: | HUF (Hungarian Forint) |
| Transaction interest rate*: | 3-month BUBOR + fixed 3.26%/year + max. 4.00%/year or fixed 9.93%/year + max. 4.00%/year |
| Handling fee: | 2%/year |
| Loan amount**: | 1.000.000 – 200.000.000,- HUF |
| Repayment method: | monthly, linear, or balloon (max. 20%) |
| Required own contribution***: |
|
| Loan term: | Minimum 1 year + 1 day, Maximum 5 years |
| Grace period (capital payment moratorium): |
|
| Availability period: |
|
| Availability fee: | 0,4%/year |
| Contract Signing Fee*: | 2% of the contracted loan amount, minimum 200,000 HUF |
| Contract Amendment Fee: | During the availability period, up to 1% of the contracted loan amount, maximum 500,000 HUF. After the availability period, up to 1% of the remaining principal balance, but no more than 500,000 HUF. |
| Real Estate Appraisal, Notary, Lawyer, and Other Fees: | According to the current real estate appraiser’s fee schedule, current notary fees, land registry fees, and lawyer’s working hours. |
| Disbursement Fee*: | Maximum 1.1% of the disbursement amount, but not exceeding 500,000 HUF for the entire transaction |
| Collateral: | Equivalent to 3-6 months of repayments or a custom amount as decided individually |
| Early Repayment Fee: | 5% of the prepaid amount |
| Late Payment Interest: | Transaction interest rate + (central bank base rate + 8%) *2 per year |
| Termination Fee: | 6.9%/year (based on the total outstanding debt) |
| Payment Reminder Fee: |
|
| Release Statement: | Free of charge for the first occasion, thereafter 25,000 HUF per request |
*Our company may offer discounts based on individual assessment.
**Loan Amounts: For real estate loan purposes, up to 200 million HUF; for non-real estate purposes, up to 100 million HUF, with a total of 300 million HUF.
***Required Own Contribution: If the business is eligible for VAT refund, at least 10% of the net amount; if not eligible for VAT refund, at least 10% of the gross invoice value.
Frequently Asked Questions:
How much can I apply for?- For working capital purposes related to real estate and for refinancing of real estate working capital loans: maximum HUF 200 million.
- For non-real estate working capital purposes and for refinancing of non-real estate working capital loans, the lower of the following amounts applies:
- the value indicated in the Client’s latest approved annual financial statements (or the supporting general ledger extract) and in the “Closing Inventory” line of the personal income tax return, and in the case of financial statements: the sum of material, personnel-related, and other expenses; or in the case of the personal income tax return: 60% of the recognized costs indicated in line 54 thereof, but not exceeding HUF 100 million;
- 25% of the revenue/income reported in the previous year’s approved financial statements/tax return (i.e. the average of 90 days’ revenue), but not exceeding HUF 100 million.
- In the case of a loan provided under the Program for the purpose of repaying a working capital financing loan, the loan amount shall be equal to the outstanding, non-matured principal of the loan to be repaid in full, but may not exceed:
- HUF 200 million in the case of refinancing a real estate working capital loan;
- in the case of refinancing a non-real estate working capital loan, the lower of the maximum loan amounts specified in points a) and b) above.
- A Client may take out Loans for multiple purposes (real estate working capital, non-real estate working capital, loan refinancing); however, the Client’s total exposure under the Program at any given time may not exceed HUF 300 million, subject to compliance with the maximum loan amounts specified above for each purpose.
- Exposure to a client group
- under this Program alone may not exceed HUF 300 million;
- under this Program together with other loan programs implemented through the refinancing of Financial Enterprises by MFB Zrt., may not exceed HUF 500 million.
Since every business is unique, this varies. Typically, it takes 2-4 weeks from the receipt of the loan application to the conclusion of the contract.
Where can I find all the necessary information?Please contact us using any of the contact details listed under the Contacts menu item.
If you have any questions, please submit them via the online administration menu at the top of the page, and one of our colleagues will contact you within one day.
Who can apply?
- Micro, small, and medium-sized enterprises registered in Hungary
- Sole proprietors
- Individual companies
- Agricultural producers
- Businesses with a closed financial year
- Businesses whose annual revenue does not exceed 50 million EUR, and/or whose total assets do not exceed 10 million EUR.
How to apply?
- Fill out the application form below. Our colleagues will call you back within one business day.
- During the call, you can clarify any questions regarding the application, after which a preliminary assessment will be carried out.
- The non-official documents required for the preliminary assessment and administration may be sent to us by e-mail.
- Please bring the official documents with you to the in-person meeting.
The information provided on this website is not exhaustive, is for informational purposes only, and does not constitute an offer. For detailed information, please refer to the product documentation or contact our colleagues.
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