Financing for Companies | Sustainable Tourism Guarantee Line
The initiative not only helps the sector achieve carbon neutrality and environmental sustainability, but also ensures the competitiveness and innovation of tourism in Portugal.
GMP Line
The Turismo + Sustentável Support Line is managed by Banco Português de Fomento (BPF) to support investments in the area of environmental sustainability, aimed at SMEs, small mid cap, mid cap and large companies participating in the Empresas Turismo 360 program. The actions aim to reduce greenhouse gas emissions, incorporate renewable energies, optimize primary energy consumption, manage water and waste efficiently, decarbonize mobility, promote circularity and value biodiversity.
Areas of Activity
Features:
- Overall budget: EUR 50 million;
- Line managed by Banco Português de Fomento (BPF), with a mutual guarantee, supporting companies in the tourism sector in investments that promote energy transition;
- Allows partial conversion of the loan into a non-refundable grant of up to 20% of the contracted financing.
Tourism 360 companies:
The Tourism + Sustainable Support Line is intended to support tourism companies that have joined the Tourism 360 Companies program:
- SMEs,
- Small Mid-Caps and Mid-Caps;
- Large companies.
Eligible operations
Financing investments that promote at least water management or energy management, and also:
- Sustainable Mobility;
- Waste management;
- Circular Economy;
- Biodiversity.
Eligible companies
- Micro, Small and Medium-sized Enterprises (SMEs), Small Mid-Caps and Mid-Caps, and Large Enterprises, located in Portugal;
- Companies adhering to the Empresas Turismo 360º Program;
- Have at least one year of positive equity as of 2021.
- Demonstrate economic and financial viability from a forward-looking perspective.
- Have organized accounts and a balanced economic and financial situation.
- In the case of Small Mid Caps, Mid Caps and Large Companies, they are at least in a situation comparable to the B- classification, in terms of the credit rating of the Credit Institution and Mutual Guarantee Company (SGM);
- Carry out their main activity in one of the eligible PPAs (see Annex).
Maximum amount per company
750 000 EUR.
Total financing term
Up to 180 months.
Grace period
Up to 48 months grace period after the operation is contracted.
% Mutual guarantee / % counter guarantee
80% / 80%.
Mutualism
The guarantee is conditional on the company acquiring SGM shares worth 2% of the value of the guarantee to be provided.
Loan contract spread
The maximum spread will be determined on the basis of each credit institution's own risk rating and the maturity of the operation.
Maximum guarantee commission
It results from the rating, type of company and maturity of the operation; it is levied on the guaranteed amount; and it is charged in advance, according to the repayment period.
Financial characteristics: representative example
Fees and Charges:
Organization Fee: Maximum 0.25%;
Management Fee: Maximum 1.00%;
Early Repayment Fee: Maximum 2.50%.
Mutual Guarantee Companies charge a guarantee fee which will be borne by the beneficiary and will be settled according to the periodicity of the amortization of the operation, being calculated on the guaranteed amount.
Interest Rate:
Euribor index plus a maximum spread of up to 3.464%.
Example: APR of 4.834%, calculated on the basis of an APR of 3.684%, which in this case results from the application of the 1-month Euribor index of June 30, 2025 plus a spread of 1.75%, for a loan of 1,000,000 euros, to be settled in 84 months.
The APR also includes organizational, formalization and management fees, in this example according to the maximums defined in the price list in force at the Bank and by Banco Português de Fomento.
All proposals will be subject to credit risk analysis and decision by Banco L.J. Carregosa, S.A. This document does not constitute a contractual proposal.
