Export Fund Framework Credit
Flexible framework credit financing for SMEs in the tourism and leisure industry in Austria for the pre-financing of export receivables. Applications are possible from 01.03.2024 to 30.06.2028.
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Grant criteria
Funding objective
Increasing the liquidity flexibility of tourism and leisure businesses as well as incoming travel agencies through a permanently available framework loan for the pre-financing of export receivables.
Eligible expenses
- Export receivables for pre-financing
Eligible to apply
- Companies
- Founders
- Individuals
- Cooperatives
- Interest Groups and Other Associations
- Foundations
- Public Institutions
Funding requirements
- Company location in Austria
- Small and Medium-sized Enterprises (SMEs) in the tourism and leisure industry
- Active membership in the Austrian Federal Economic Chamber (Federal Division for Tourism and Leisure Industry)
- Natural and legal persons as well as other companies
- Relevant revenue share from foreign overnight guests or incoming tourism
Documents required for application
- Completed framework loan application form
- Signed declaration of the borrower for working capital loan inventory investment
- SEPA mandate of the borrower
- KYC documents of the financing bank
- Dated organizational chart (ownership structure)
- Annual financial statements for the last two fiscal years
- Current interim figures (budget/forecast)
- Signed bill of exchange (original)
Evaluation criteria
- Proportion of foreign sales
- Sustainability of liquidity requirements
- Membership in the WKO and industry affiliation
Description
The Export Fund Framework Loan offers small and medium-sized enterprises as well as incoming travel agencies in the tourism and leisure industry throughout Austria a flexibly accessible credit line for the pre-financing of export receivables. Based on a foreign sales share – derived from overnight stays or incoming revenues – a framework loan of up to approximately 14% of this relevant sales volume can be applied for. This provides businesses with a high proportion of foreign guest bookings a permanently available liquidity buffer that cushions seasonal peaks and increases planning security. The ÖHT provides this funding product on behalf of the Federal Ministry for Economy, Energy and Tourism and grants attractive conditions through federally subsidized interest rates and liability assumptions. The most important criteria are membership in the Austrian Economic Chamber (Federal Division for Tourism and Leisure Industry), a business location in Austria, and a significant share of foreign sales.
Applications can be submitted annually, with applications accepted from 01.03.2024 to 30.06.2028. In addition to the framework loan application form, the signed SEPA mandate, KYC documents from the financing bank, organizational chart, and annual financial statements must be submitted. Final approval takes place in ÖHT credit sessions with regard to the sustainability of the liquidity requirement and the level of export sales share. This results in a solid financing solution specifically tailored to the needs of tourism and leisure businesses while simultaneously strengthening Austria as a business location.
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