Through BT, HoReCa grant beneficiaries have free transactions from dedicated sub-accounts and access to guarantee-free loans until the grant is received from the ministry
Comunicat de presa 2021-06-23
Banca Transilvania is part of a new grant program, this time for HoReCa, which means non-reimbursable financing for SMEs in the hospitality industry: hotels, restaurants, guest houses, travel agencies and event organizers.
Entrepreneurs can benefit from financing - state aid, through the Ministry of Economy, Entrepreneurship and Tourism - of up to 20% of the 2020 turnover decrease- figures compared to those registered in 2019, amounting to maximum 800,000 EUR. Over 25,000 BT clients are eligible for non-reimbursable financing through this program - as a field of activity, according to the CAEN codes.
The most important news with which the program comes compared to other aid schemes created to help entrepreneurs affected by the pandemic:
- Support for all: all eligible companies receive non-reimbursable funds given that in this program, compared to other similar programs, does not apply the rule of first come, first served. Applicants submit the funding application with the amount for which it falls into the requirements (20% of the turnover difference from 2019 to 2020), and if the allocated budget is less than the total requested by the beneficiaries, it will be divided proportionally between the participants in the program. The budget for HoReCa grants amounts to 2.5 billion RON.
- The company in difficulty criterion: micro-enterprises and small enterprises that were in difficulty as at December 31, 2019 are eligible, provided that they are not insolvent until the submission date of the financing application.
- Mandatory documents: together with the financing application, the Operating Authorization / Classification Certificate / Tourism License, etc. must be submitted, respectively the Accounting / Audit Expertise Report which certifies the calculation basis used to establish the grant value. It is necessary that the report is prepared by a CECAR member accountant or a CAFR member auditor and has the role of certifying the value of the company's revenues corresponding to each CAEN code.
- Higher coverage of expenses: the beneficiaries will be free to pay from these grants all expenses related to the eligible activity carried out.
Steps required to access HoReCa grants:
- Obtaining the accounting / audit expertise report;
- Accessing the grant platform and choosing Banca Transilvania as the partner bank;
- Online completion of identification data;
- The requests are analyzed by the Ministry of Economy, Entrepreneurship and Tourism, and those that meet the requirements are approved. Subsequently, the grant contract is signed;
- After the ministry transfers the grant money to BT, the bank transfers it to the account of the respective company.
What does Banca Transilvania come up with for the entrepreneurs who enroll in the program:
- For BT clients, the bank will automatically open the grant sub-account, after receiving the list of applicants from the Ministry of Economy, Entrepreneurship and Tourism;
- Businesses that choose BT, but are not clients of Banca Transilvania, can open a current account online (NEOcont business). The companies automatically benefit from Internet & Mobile Banking services. The bank will automatically open the grant sub-account as soon as it receives the list of applicants from the ministry;
- Zero costs for all transaction from or to the BT grant sub-accounts;
- Bridge-loan without guarantees if the company needs the amounts until receiving the grant from the ministry.
Banca Transilvania is the main bank in the Operational Competitiveness Program 2014 - 2020, launched last year to support the entrepreneurs and the economy, a program that is still ongoing. Through Measure 1 (with financing of 2,000 euros) and Measure 2 (with financing of maximum 150,000 euros), BT supports over 27,000 companies, 53% of the companies registered in the program choosing BT as partner bank. Banca Transilvania has made over 15,000 payments to beneficiaries, worth over 1.4 billion lei.