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Current information FOR ENTREPRENEURS AND BUSINESSES

NEW GUARANTEE SCHEME RESULTING FROM COOPERATION OF KB AND ČMZRB​

I WANT A LOAN

FINANCING WITH COVID III

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KB currently accepts applications under a guarantee programme of ČMZRB (Czech-Moravian Guarantee and Development Bank) intended for the support of entrepreneurs and businesses affected by the COVID-19 pandemic – the so-called COVID III programme. It is a guarantee programme available throughout the Czech Republic (incl. Prague), under which ČMZRB provides support in the form of guarantees for operating loans. The total allocation of funds under the COVID III programme amounts to CZK 150 bn., with CZK 50 bn. for tranche 1.

Applications are accepted solely via the “I WANT A LOAN” online form available at KB’s website – see the above link.

The ČMZRB guarantee itself is to be arranged by Komerční banka as part of the loan application process – i.e. it is not necessary to apply for the guarantee separately, as was the case in connection with previous guarantee schemes.

 

Envisaged basic parameters of a KB loan and ČMZRB guarantee under the COVID III programme:

Eligible borrowers

 

  • Legal entities and entrepreneurs (individuals) in the Czech Republic with no more than 500 employees
  • Engaged in the following sectors: agriculture, forestry, production, trade, transportation, services, etc. (CZ-NACE A, B08, C, E, F, G, H, I, J, M, N, P, Q, R a S)

Loan purpose

Financing of operations (with a revolving option available)

Maximum loan amount

CZK 50 million

Loan currency

CZK

Loan to be arranged by

No later than 31 December 2020

Form of ČMZRB support

Loan guarantee

Maximum guarantee amount

portfoliová

Maximální výše záruky

90% of the guaranteed loan for applicants with up to 250 employees

 

80% of the guaranteed loan for applicants with 250 to 500 employees

Maximum term of guarantee

3 years

Other specific conditions

Guarantee validity is subject to disclosure of the borrower, including its beneficial owner

 

 

 

 LIST OF BENEFICIARIES OF COVID III

NEW GUARANTEE PROGRAMME RESULTING FROM COOPERATION OF KB AND EGAP

Exportní garanční a pojišťovací společnost, a.s. (EGAP) has prepared a new programme to support large companies affected by the coronavirus crisis. This support – designed as a guarantee for operating or investment loans - is targeted at export-oriented businesses or subcontractors thereof, provided the share of export of goods and services amounted to at least 20% of total sales of such businesses in 2019 and provided they have at least 250 employees (as a group of related companies). The total allocation will amount to CZK 142 bn. In terms of individual sectors, the programme targets wide range of sectors; however, some are excluded.

Submission of applications for the COVID Plus support is ensured by Komerční banka as part of the loan negotiation process. Please note that this product cannot be combined with other public support instruments available in connection with the COVID-19 pandemic.

Basic parameters of KB loan and EGAP guarantee

Intended recipients

 

For businesses – exporters or their subcontractors with the share of exported goods and services amounting to at least 20% of their total sales (in 2019) and at least 250 employees (on a group basis)

Excluded sectors

Accommodation and gambling

Loan objective

Financing of operational needs or investments

Minimum loan amount

CZK 5 million

Maximum loan amount

CZK 2,000 million

Financing limit

25% of total sales for 2019

Loan currency

Kč, EUR, USD

Loan to be arranged by

No later than 31 December 2020

Early loan repayment     

Possible at any time without any fees

EGAP support type

Guarantee for a provided loan

Guarantee type

Individual guarantee

Maximum guarantee amount

80% of the loan for applicants with EGAP rating B or better

 

70% of the loan for applicants with EGAP rating B-

Maximum term of guarantee 

3 years for financing of operational needs

5 years for financing of investments

Condition for assessment

Financial statements as at 31 December 2019 to determine the rating

(provisional statements are possible)

 

ČMZRB
​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, visit our website.

PGRLF
In cooperation with the Farming and Forestry Relief and Guarantee Fund (Podpůrný a garanční rolnický a lesnický fond, a.s.; “PGRLF”), we are prepared to provide support to farmers in the form of loans with interest rate subsidies. For current information about individual programmes, visit the PGRLF website.

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.

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

AMSP ČR
Current information for businesses in connection with the coronavirus pandemic

ČMZRB
Current information for businesses in connection with the coronavirus pandemic 

ČMZRB guarantees for operating loans of commercial banks

In connection with our long-term cooperation with ČMZRB, we wish to introduce a new COVID Guarantee Expansion programme for our business clients, combining operating loans with a ČMZRB guarantee.

The new programme will make it easier for businesses to receive operational funding during these trying times, with contributions for interest payments in connection with new loans. Business clients can cover their expenses associated with acquisition of small tangible and intangible assets, inventory acquisition and financing, staff costs, energy costs, rent, settlement of trade payables (invoices), pre-financing of receivables, and other operating expenses.

Basic terms of the guarantee:

  • Up to 80% of the guaranteed loan principal

  • Guaranteed loan amount from CZK 10,000 to CZK 15 million

  • Solely for borrower’s operating costs

  • Term of guarantee not to exceed 3 years

  • Total amount of financial contributions for interest payments depends on the guaranteed loan amount: 30% for loans up to CZK 500,000 (max. CZK 150,000), 20% for loans from CZK 500,000 to CZK 1 million (max. CZK 250,000), and 15% for loans over CZK 1 million

Guarantee intended for:​
Small and medium-sized businesses affected by the coronavirus pandemic (with the exception of the City of Prague and some specific activities).

Period for submitting applications: as of 2 April 2020

For more information about the programme, see the ČMZRB website.