Applications accepted for guaranteed loans under COVID II programme

The programme will accept applications gradually, always with an allocation of CZK 1.5 billion for each round. After a round’s capacity has been reached, the relevant round will be closed and the next round will be announced 10 business days after the end of the previous round. This procedure will be repeated until all funds to be allocated have been exhausted. According to the Czech-Moravian Guarantee and Development Bank (ČMZRB), five billion Czech crowns have been set aside for allocation under this programme.

Entities in the territory of the City of Prague cannot apply for COVID II aid. Representatives of the ČMZRB, the Ministry of Industry and Trade and the City of Prague are currently negotiating aid and its conditions for Prague-based entities. We will inform you about the results.

To receive aid under COVID II, it is first necessary to apply for a loan from one of the commercial banks that have joined the COVID II programme. A list of cooperating banks is available on the ČMZRB website. The duration of the process of obtaining the loan depends on the speed of the respective bank's lending process. Only after the loan has been pre-approved, aid under COVID II can be applied for and should be processed within a few business days.
An aid application under COVID II must contain:

1. A duly completed official application form in the required format containing information on the applicant, the characteristics of the project and the guaranteed loan, affidavits, information on the protection of personal data, etc.
2. A duly completed PCX project appendix in the required format, containing an overview of the estimated costs to which the loan and guarantee will be applied and a brief description of the project.
3. A copy of the loan agreement stating the ČMZRB bank guarantee as required security or a ACX appendix completed by the relevant bank and describing the terms and conditions of the loan to be provided.

Completed application packages must be submitted electronically via ePodatelna. To speed up the approval of the guarantee, it is recommended to submit additional attachments, e.g. a DCX appendix (declaration to de minimis aid), MSP appendix (statement on the enterprise’s size), an ID appendix (legal entity identification), and the entity’s last two yearly financial statements in their original format.

Within one year from signing the guarantee contract, ČMZRB will request information on the implementation of the project (i.e. confirmation of operating expenses paid from the guaranteed loan). Only one guarantee can be granted for one project. Other applications for aid for other projects can be submitted no earlier than six months after the date of submission of the previous application.

The total amount of the aid to cover interest will depend on the guaranteed loan drawn down to cover the operating costs. The financial aid will be paid retrospectively after the bank confirms that the applicant has paid interest. However, applicants will not have to submit this confirmation to ČMZRB, everything should be automatically handled by ČMZRB and the relevant bank.

Contributions shall not exceed:

• 30% and max. CZK 150,000 for guaranteed loans of up to CZK 500,000 
• 20% and max. CZK 200,000 for guaranteed loans between CZK 500,000 and CZK 1 million
• 15% and max. CZK 1 million for guaranteed loans between CZK 1 million and CZK 15 million.

Widespread demand for COVID II aid is expected, hence we recommend submitting applications as soon as possible.