Guarantee Program COVID II

Today, i.e. 30 March 2020, the call specifying the requirements of the announced continuation of the program Loan COVID I – program Guarantee COVID II was published on the websites of Českomoravská záruční a rozvojová banka.  Guarantee program COVID II was created by extending and modifying the requirements of the current program “EXPANSION – guarantees” aiming to facilitate access to the financing of small and medium-sized entrepreneurs.

The support within the program COVID II is provided in the form of bank guarantee for the loan and in the form of financial contribution to pay interest of the guaranteed loan. With regard to general requirements of the project´s acceptability within this program, it is now not possible to support projects implemented/realized in Prague. However, according to the information available at the websites of Ministry of Industry and Trade and Českomoravská záruční a rozvojová banka, the negotiations are currently in progress in order to extend the program in other phases to projects in Prague. We will inform you about further updates.

Call for submitting the projects and further information about the program COVID II are available here. The first round will start on 2 April 2020 and CZK 1.5 billion will be allocated to it.