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The Czech-Moravian Guarantee and Development Bank Provides the COVID Loan

The Czech Government approved the possibilities of drawing zero-interest loans as part of a new programme of the Czech-Moravian Guarantee and Development Bank (ČMZRB) – the COVID loan. The zero-interest loans are intended primarily for self-employed people and small and medium sized enterprises whose economic activities are limited as a result of the coronavirus infection and related preventative measures. The loan is intended primarily for the acquisition of low-value tangible or intangible assets, acquisition and financing of inventory and other operating expenses.

The basic parameters of the loans are as follows:

  • Acceptance of applications from 16 March 2020
  • No interest and no fees
  • Loan up to CZK 15 million
  • Up to 90% of eligible costs of the project
  • Maturity up to 2 years
  • Deferment of instalments by up to 12 months

At the same time, it is possible to use additional ČMZRB instruments such as the Expansion programme, where a zero-interest loan of up to CZK 45 million may be obtained, or to obtain guarantees from ČMZRB for operation and investments in the Guarantee programme. In addition, the Czech Government is considering transferring additional funds from operational programmes to help businesses affected by the current coronavirus infection.

How to effectively face COVID-19? Reduce the impact on your business

Our special website contains an overview of key steps that need to be taken in order to mitigate impacts of the pandemic on the operation of your organisation. It also contains individual advisory with contact details of our professionals who will help you react to specific measures in accordance with the needs of your business. We update the website regularly and add more information.

Up-to date information on dreport.cz
We record additional up-to-date information on our blog in a section dedicated to the coronavirus.

Coronavirus Subsidies and investment incentives

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