HORECA (hotel, restaurant/cafe) development is among the fastest growing industries in Georgia. Fill out a loan application, get the necessary funds and start developing your business right now.
**Customers may apply for funding under the “Host in Georgia” project.
Terms and Conditions
Purpose |
purchase of land, furniture and inventory, renovation; |
Without collateral |
50,000 GEL maximum |
Term |
10 years maximum |
Grace period |
21 months maximum |
Repayment schedule |
Individual |
Loans up to 200,000 GEL are disbursed in national currency only
CREDIT AMOUNT |
<=1 000 000 GEL (EQUIVALENT USD, EUR) |
Tenor |
<=120 months |
Type of Interest Rate |
Fixed, indexed |
Interest Rate |
GEL 13% USD 6.5% EUR5.5% |
Effective Interest Rate |
From GEL 16% From USD 8.5% From 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 |
If repaid with own funds: 0% If refinanced from another bank 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; |
* The consultations are fully funded by TBC Bank and the Asian Development Bank.
Check your eligibility:
- You should have practical experience in the restaurant or a similar business, such as fast food, cafés, etc.
- You should have a team staffed with qualified employees.
- Your participation should total 30% that can be provided in any form listed below:
- Cash – savings or business earnings;
- Grant;
- Plot of land, commercial property, inventory or other assets purchased for the project;
- Investments into building or renovation.
Types of restaurants eligible for funding:
- A typical featured restaurant;
- A vintage cafe restaurant with a special design, featured service, menu, etc.
- A fast-food restaurant with a featured service, menu and design, with a website or a social media page;
- Cafe restaurant with outstanding positioning – e.g. offering a high quality unique drink menu.