Financing – Latest information about the support for businesses

_{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}