The purpose of the guarantee is to enable new financing for enterprises operating in the accommodation and catering sector, travel agencies and tour operators to overcome the temporary difficulties caused by the COVID-19 outbreak. The guarantee enables one to secure the obligations of an enterprise, arising from loan and leasing contracts.

The guarantee meeting the terms of service is provided by a bank or lessor under an authorisation granted by KredEx. The guarantee will be available as of the 7th of May 2020.