Loans with federal guarantee as liquidity support for Swiss companies in the Corona crisis

Jun 22, 2020

At its extraordinary meeting on 25 March 2020, the Federal Council dealt with liquidity support for Swiss companies that find themselves in existential distress as a result of measures to combat the coronavirus. These companies are to be given rapid access to credit to bridge liquidity shortages caused by corona. The loans will be secured by guarantee organisations or the Confederation. The Ordinance on the Granting of Loans and Joint and Several Guarantees as a Result of the Corona Virus ( entered into force on 26 March 2020 (hereinafter “Ordinance”). Applications for loans can be submitted from this date onwards.

The most important provisions are briefly outlined below.