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) |
---|---|---|---|---|---|---|---|
Spain (Instituto de Credito Oficial) | All firms | 60–80% depending on company size and new/renewed loan); no explicit maximum | 30 Sep 2020 | Guarantee fees of 20–120 bp (to be borne by the bank) | Up to 5 years | N/A | N/A |
United Kingdom (Coronavirus Business Interruption Loan Scheme, CBILS) | SME | 100% up to GBP 250’000; 80% above GBP 250’000; up to GBP 5m | N/A | Interest holiday in first 12 months; guarantee fee waived, lenders pay a fee; loan terms set by each lender | Up to 6 years | 21.3 | 0.8% |
United Kingdom (Bounce Back Loan Scheme, BBLS) | SME | 100%; GBP 2’000–50’000 but maximum of 25% of turnover | N/A | no fees, interest or repayment of principal in the first 12 months; after 12 months: interest rate of 2.5% | Up to 6 years | 42.4 | 1.6% |
USA (Paycheck Protection Program, PPP - CARES Act) | SME | 100% to end-2020; up to the lesser of USD 10m or a payroll-based amount | 30 Jun 2020 (extended to 8 Aug 2020) | 1% interest rate; optional interest payment holiday for first 6 months | 2 (5) years | 477.8 | 2.5% |