The aim of the programme is to support, through the guarantee of working capital and investment loans, SMEs and entreprises with up to 500 employees whose economic activities are limited due to the coronavirus infection and related preventive measures.
Covid III Guarantee
What guarantee do we offer?
Guarantee rateup to 90%
Guarantee rate is up to 80% of the loan principal for enterprises with 250-500 employees or up to 90% of the loan principal for SMEs up to 249 employees.
Guaranteed loan amountup to CZK 90 million
Guaranteed working capital loan amount is up to CZK 50 million. Guaranteed investment loan amount is up to CZK 90 million, but for loans above CZK 50 million is provided a guarantee rate up to 50% of the loan principal.
Type of guaranteed loanworking capital and investment loan
Guarantee fee for clientCZK 0
Guarantee fee based on Temporary Framework for State Aid to be paid by the lending bank; no guarantee fee for the client.
Where can I gain this support?in commercial bank
Support from the COVID III programme, including a guarantee from our bank, is provided directly by 20 commercial banks and credit unions.
Project location & Supported sectors:
- Territory of the Czech Republic
- Sectors available in CZ-NACE list (Annex of the programme)
The COVID III Guarantee Programme runs on the basis of Act No. 228/2020 Coll. on State Guarantee, which reflects the Temporary Framework for Public Support approved by the European Commission, and is thus financed from national sources.