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.