News 4/2020

COVID II Program

Starting Monday, March 30, 2020, it will be possible to apply for the interest-free loan with an annual deferral of the rates under the COVID II program. The minimum loan limit is CZK 10,000, the loan amount should not exceed CZK 15 million. The term of the loan should be set up to 2 years.

The program mainly targets individual and small entrepreneurs. The loans are provided by commercial banks and the state will grant a guarantee for them through Českomoravská záruční a rozvojová banka (ČMRZB). The ČMRZB guarantee should cover up to 80% of the loan. About 35 billion CZK could be distributed among the entrepreneurs.

The loan might be used to cover operating costs (e.g. wages, rent, energy, bills, etc.), to purchase low-value tangible or intangible assets, or to purchase and to finance inventory. The application should be submitted to one of the commercial banks operating on the Czech market.

Please do not hesitate to contact us with specific questions, we are at your disposal at any time.

WTS Alfery Team