Startup hotel

If you wish to start a hotel business and need financial support, fill out a loan application, get the necessary funds and start developing your business right now.

Tourism and hospitality are among the fastest growing industries in Georgia. Being committed to supporting the hotel business in the country, and HORECA on the whole, TBC Bank offers simplified procedures for loan application. 

The project envisages the financing of companies that plan to buy or build, renovate and furnish a hotel. 

Terms and Conditions

Purpose

purchase of land, furniture and inventory; renovation; funding a franchising agreement and other expenses.

Term

12 years maximum

Grace period

2.5 years maximum

Payment Schedule

Yu can choose a schedule that best suits your business interests

A grace period refers to a period of time when construction and renovation or operation is underway. Customers may apply for funding under the Host in Georgia project. Loans up to 200,000 GEL are disbursed in national currency only.

Terms keyboard_arrow_down keyboard_arrow_up

CREDIT AMOUNT

<=6 000 000 GEL (EQUIVALENT USD, EUR)

Tenor

<=120 months

Type of Interest Rate

Fixed, indexed

Interest Rate

GEL  13% 

USD 6.5% 

EUR 5.5% 

Effective Interest Rate

GEL  16% 

USD 8.5% 

EUR 7.5% 

Disbursement Fee

From 0.2%

Account Opening Fee

From 10 GEL

Withdrawal fee

From 0.2%

Credit Info Fee

Depends on credit currency, no more than: 25 GEL, 10 USD, 8 EUR

Fixed Late Payment Penalty

One-time payment of no more than 20 GEL (equivalent in loan currency)

Daily Late Payment Penalty

0.5% per day overdue. Furthermore, the total amount of expenses incurred from the first day overdue until full settlement of the overdue liability should not exceed 1.5x of the current principal balance

Early Repayment / External refinancing Fee

In the case of a fiixed rate:

No more than 0% of the prepaid amount  (the amount paid to settle the outstanding principal balance at the time of prepayment) if 0 to 6 months remain before the maturity of the agreement;

No more than 0.5% of the prepaid amount  (the amount paid to settle the outstanding principal balance at the time of prepayment) if 6 to 12 months remain before the maturity of the agreement;

No more than 1% of the prepaid amount  (the amount paid to settle the outstanding principal balance at the time of prepayment) if 12 to 24 months remain before the maturity of the agreement;

No more than 2% of the prepaid amount  (the amount paid to settle the outstanding principal balance at the time of prepayment) if more that 24 months remain before the maturity of the agreement.


In the case of an indexed rate:

0% of less than 6 months remains before credit maturity;

0.5% if more than 6 months remain before credit maturity;

RE Mortgage Registration Fee

Per unit 56 GEL;

RE Mortgage Registration Cancellation Fee

Per unit 51 GEL;

Movable Property Pledge Registration Fee

Per unit 174 GEL;

Movable Property Pledge Registration Cancellation Fee

Per unit 20 GEL;

All startups that are TBC borrowers can register for individual expert consultations on:

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Finance and taxes
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Digital marketing;
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Branding
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Sales
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Managment
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Human Capital Management

* The consultations are fully funded by TBC Bank and the Asian Development Bank.

Check your eligibility

  • You should have experience in tourism and hotel management or should have a team staffed with qualified employees. 
  • Your participation should total 40% that can be provided in any form listed below: 
    • Cash – savings or business earnings; 
    • Grant; 
    • Land or buildings, capital goods or other assets purchased for the project; 
    • Investments into building/renovation.

Types of hotels eligible for funding:

  • Hotels; 
  • Family hotels; 
  • Hostels; 
  • Apartment hotels; 
  • Other types of tourist accommodation
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