erp Tourism Credit under 1 million

The erp Tourism Credit of up to EUR 1,000,000 represents a low-interest loan for small and medium-sized enterprises in the Austrian tourism and leisure industry. Eligible are investments in fixed assets between EUR 10,000 and EUR 1,000,000, with up to 100% of the eligible costs able to be financed. The term extends up to 15 years – including up to two years of repayment-free period – and offers fixed interest rates for a total term of ten years. Security is provided either through 100% guarantor/payer liability of the house bank or a combined liability of 80% by the OeHT and 20% by the house bank. Applicants must be natural or legal persons based in Austria who are members of the Federal Division for Tourism and Leisure Industry of the Austrian Federal Economic Chamber. Project implementation must be financially secured, and companies must be able to demonstrate a sustainable, coherent business concept. Applications can be submitted via the house bank until June 30, 2028.

The Austrian Hotel and Tourism Bank (OeHT) acts as a specialized funding agency on behalf of the Federal Ministry for Economy, Energy and Tourism and supplements each loan with federally subsidized interest rates. Start-ups benefit from special conditions with a total term of up to ten years. In addition to the erp Tourism Credit, regional supplementary funding is available in Upper Austria (one-time grant up to 5%) and Styria (up to 9%). For submission via the OeHT customer portal, standardized forms and proof of WKO membership must be provided. The loan makes a significant contribution to the modernization of existing businesses and promotes the development of new services and business areas in one of Austria’s most important sectors.