we have to inform you, that the acceptance of applications for COVID loan has been surprisingly suspended by the Czech-Moravian Guarantee and Development Bank from today´s 8 am until further notice.
We hear that an alternative solution is in preparation and will inform you as soon as this will be confirmed.
The reason therefor is the transformation of the program to new COVID II in which the commercial banks should play a significant role. In the new COVID II program, the Czech-Moravian Guarantee and Development Bank will provide guarantee for credits provided by commercial banks and will grant contribution to the payment of interest therefrom.
According to the statement of the Czech-Moravian Guarantee and Development Bank, all prepared documents for COVID I will be applicable for the application for guarantee within COVID II. Therefore, we advise to serious applicants to continue preparation of documents. We will provide you with further information as soon as there will be some and in case of queries regarding the preparation of respective documentation, we are fully at your disposal.