Czech-Moravian Guarantee and Development Bank offers interest-free loans for businesses hit by the coronavirus pandemic

On Monday 16 March, the Czech-Moravian Guarantee and Development Bank (ČMZRB) began accepting applications for its new “COVID” loan programme. The programme is designed to help businesses by providing interest-free loans to SMEs that have been affected by the coronavirus pandemic and the restrictions that have been imposed as public health measures.

SMEs can access loan capital of up to 15 million CZK, repayable over 2 years with the option of delaying the payment by 12 months. The loan can be used to purchase small-scale tangible or intangible assets or supplies and to cover other operating costs.

More information about "COVID I" and "COVID II" loan programmes you can find here.