Skip to main content

Table 13 Loan guarantee programmes internationally

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%

  1. Source: Baudino (2020) and national sources