From: Firms’ participation in the Swiss COVID-19 loan programme
Jurisdiction | Beneficiary | Guarantee/ maximum loan size | Closing date | Interest rate | Loan maturity | Usage (CHF bn) | Usage (% of GDP) |
---|---|---|---|---|---|---|---|
Switzerland | Firms with turnover below CHF 500m | 100% up to CHF 500’000, 85% up to CHF 20m; maximum of 10% of annual turnover | 31 Jul 2020 | 0% interest rate up to CHF 500’000; part over CHF 500’000: 0.5% plus a bank specific rate on the remaining 15% of the loan | 5 (+2) years | 16.9 | 2.4% |
Australia (Coronavirus SME Guarantee Scheme) | SME | 50%/ AUD 250’000 | 30 Sep 2020 | Initial 6-month interest holiday; rate decided by lender | Up to 3 years | N/A | N/A |
Canada (Canada Emergency Business Account, CEBA) | Small businesses and non-profits | 100%/ CAD 40’000 | N/A | 0% interest rate, no fees or principal repayments until end-2022, then 5% interest rate | Up to 5 years | 20.6 | 1.3% |
France (Bpifrance) | All firms | 70–90% (higher for smaller firms); maximum of 25% of 2019 revenue or two years of payrolls | 31 Dec 2020 | No payment in the first year; interest rate set by the bank, guarantee cost ranging b/w 25–200 bp | Repay by end-2020, or extended by maximum of 5 year | 6.5 | 0.3% |