IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 21 Apr 2016 | Removal date: open ended
Still in force

State loan

The new program "Improve your Hotel" (i.e. Mejora Tu Hotel) consists of competitive interest rate loans ranging between USD 5,700 and USD 3.4 million per project related to investment in fixed assets, including installation and pre-operational expenses; acquisition, extension, remodelling, equipment and certification of the hotel; reconversion and sustainability; brand changes; and construction of new hotels. The maturity of these loans may be up to 10 years.

The program is to be channelled via the following commercial banks: Banorte, Santander, HSBC, Bancomer, Banamex, Banregio, BanBajío, Afirme, Mifel, Multiva, ABC Capital, Serfimex Capital and Sofoplus.

As of December 1, 2016, almost USD 49 million had been channelled by Bancomext via this program. 

 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

631 Accommodation services for visitors

Please report this page in case you detect an inaccuracy in its content.