FUNGETUR: Who Qualifies and What You Get
Discover how FUNGETUR provides low-interest loans for tourism businesses in Brazil to help with infrastructure and working capital.
FUNGETUR is a dedicated fund designed to provide financial support to businesses operating within the tourism sector in Brazil.
Who it's for
This scheme is specifically for tourism service providers who are officially registered in CADASTUR. To qualify, your business must maintain an active registration within this specific tourism registry to demonstrate that you are a legitimate provider in the sector.
What you get
The fund offers access to low-interest loans, often referred to as Crédito Turismo or Financiamento. These funds are intended to help businesses manage different financial needs, such as securing working capital to handle seasonal fluctuations in travel demand or investing in necessary infrastructure improvements to upgrade your facilities.
What it costs you
Using this scheme is not a simple cash grant; it involves a formal credit process. You will be required to undergo a thorough bank analysis to determine your eligibility for the specific loan terms. Additionally, you must be able to provide the necessary collateral required by the lending institution to secure the financing.
The catch to know
It is important to understand that the Ministério do Turismo does not distribute these funds directly to your business. Instead, the money is managed and distributed through partner banks. This means your interaction and final approval will happen with a financial institution rather than a government office.
How to apply
- Confirm that your business has a valid and active registration in CADASTUR.
- Identify and contact partner banks that participate in the distribution of these funds.
- Consult with your bank regarding their specific requirements for Crédito Turismo.
- Prepare all necessary financial documentation required for the bank's analysis.
- Submit your formal application through your chosen partner bank's application process.
For more information, visit the official portal: https://www.gov.br/turismo/pt-br/assuntos/fungetur