In our recent blog posts (here and here), we have already written in detail about how the new working capital loan can function with zero own contribution, and what kind of gold rush is expected for Component B of the GINOP PLUSZ-1.4.3-24 program.
Now, however, we approach the issue from a new angle: how much economic weight could this instrument carry if even thousands of companies take advantage of it simultaneously? How much money are we talking about if everyone uses the full amount of the subsidized loan? And how is this opportunity distributed among rural manufacturing companies?
More than 4,000 rural manufacturing and processing SMEs - who are we talking about?
Based on a nationwide company screening, over 4,100 enterprises can be identified that:
- have a primary activity in the manufacturing sector (TEÁOR 10–33),
- had an annual revenue of between 100–500 million HUF in their most recent fiscal year,
- employ between 1–49 people,
- operate in rural areas (headquarters outside of Budapest).
Within a 1,000-company sample:
- the average headcount was 14, the median was 13,
- most enterprises fall in the 5–19 employee category,
meaning these are typical micro and small enterprises, for whom every operating resource counts.
What is the „Component B”?
The Component B of the GINOP PLUSZ-1.4.3-24 program is:
- interest-free, it carries a 0% interest rate,
- up to 20 million HUF can be applied for,
- no own contribution is required,
- the term and conditions are favorable,
- its purpose: to finance operations and working capital.
It can be used for:
- raw materials, inventory replenishment,
- wages and contributions,
- utility bills, rental fees,
- other liquidity purposes related to operations.
This is not a non-refundable grant, nor a combined loan package: it is a working capital loan specifically for operational purposes.
What would happen if everyone took advantage of it?
Let’s assume all 4,100 eligible companies applied for the loan: the budget would be depleted in moments, 600 companies would be left without a loan, and 70 billion HUF of working capital loans would be injected into the Hungarian SME sector.
This amount could be sufficient for:
- ensuring the stable operation of tens of thousands of jobs,
- restarting production, re-entering the market,
- or financing new products and services.
Who could this be a lifeline for?
For those who have a good project but no cashflow for operations.
For those buying new machinery but unable to start production.
For those building a market but lacking budget for inventory, wages, logistics.
Where is the threshold? Why not above 500 million?
It’s no coincidence that our analysis focused on companies with 100–500 million HUF in annual revenue. At this level, Component B can offer real help: the company size still doesn't allow access to major banking products, but day-to-day operations and growth already require stable funding.
However, above 500 million HUF in revenue, the situation changes:
- such enterprises seek higher-volume resources,
- the Széchenyi Card Program (Kavosz) or other targeted schemes become more suitable for them,
- they often turn to targeted development tenders, export programs, or energy funding.
That’s why the 100–500 million HUF revenue range is where this loan is not too much, and not too little – but arrives at just the right time, in just the right place.
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