Information for entrepreneurs

Options to help mitigate the economic impact on your business.

STATE PROGRAMMES

COVID LOAN – interest-free loan for businesses affected by the coronavirus outbreak

APPLICABLE CONDITIONS:

  • no interest or other charges
  • loan amount: from CZK 500,000 to CZK 15 million
  • finance up to 90% of eligible project costs
  • loan maturity: up to 2 years
  • defer payments for up to 12 months

ELIGIBLE COST: acquisition of small tangible or intangible assets, inventory financing or other operating expenses ATTENTION! This loan cannot be used to repay or refinance existing loans

ELIGIBLE BENEFICIARIES: small and medium-sized enterprises, affected by delayed, suspended or annulled performance of business contracts as a result of measures taken to contain the spreading of the coronavirus infection

For more information about the programme visit the website of the ČMZRB.

FINANCING FROM KB

Moreover, KB – in cooperation with the Czech-Moravian Guarantee and Development Bank (ČMZRB) – continues to provide loans on preferential terms with M-Guarantee (programme Guarantee 2015 – 2023). For more information about this product visit our website.

UPCOMING SOLUTIONS FOR ENTREPRENEURS, AND SMALL AND MEDIUM-SIZED ENTERPRISES

Defer payments for business loans – we are currently working on a solution in cooperation with the Czech National Bank.

Funding on preferential terms with interest rates starting at 3.9 % p.a.

More options for addressing clients’ requests online

POSTPONED SUBMISSION OF TAX RETURNS

In compliance with the Tax Liberation Package adopted by the Czech Government in response to the current COVID-19 outbreak, KB allows clients, who are required to submit their financial statements to KB by 31 March 2020 in accordance with their respective loan agreements:

- To submit their tax returns by 1 July 2020 – either in person or electronically using MojeBanka / Mobilní banka internet banking.

USEFUL INFORMATION

MINISTRY OF FINANCE
Guide for taxpayers in connection with the novel coronavirus

AMSP ČR

Current information for businesses in connection with the coronavirus pandemic is available at the website of our partner, the Association of Small and Medium-Sized Enterprises and Crafts of the Czech Republic (AMSP ČR). For more information, visit the website