Eligible companies and self-employed persons may apply for operating loans from commercial banks with a value up to CZK 15m (approx. €548.948k) and for financial aid to cover interest payments.
The Czech government guarantees 80% of the loan.
Financial aid will be provided in respect of interest payments for up to CZK 1m (approx. €36.597k).
The guarantee period is up to 3 years.
The guaranteed commercial loan must be used solely to make operating cost payments, e.g. salaries, rent, utilities, supplier/customer invoices, material and supplies, etc.
Financing may be made available through commercial banks (no specific list available).
Financing to be agreed with the respective commercial bank and the application for a guarantee to be submitted to the Czech-Moravian Guarantee and Development Bank.
Czech Republic based SMEs that:
- are operating in any sector;
- had to limit/close operations due to the measures implemented in the fight against the coronavirus pandemic;
- will use the guaranteed commercial loan solely to make operating cost payments, e.g. salaries, rent, utilities, supplier/customer invoices, material, supplies, etc; and
- have operating costs relating to activities in Prague which requires funding to be allocated to such costs.
For more information on eligibility please see here (available in Czech).
The Ministry of Industry and Trade
The Czech-Moravian Guarantee and Development Bank.
The first round of applications closed on 21 April 2020.
[Note: it is not sure whether there will be a second round of applications. At this moment, it is not presumed.]