As a result of the ongoing COVID-19 crisis, many companies are experiencing liquidity shortages through no fault of their own, despite having a viable and successful business model.
Following huge demand for the COVID-19 credit program in the first half of 2020, a series of support packages have been introduced at federal and cantonal level to benefit smaller businesses in particular. To supplement these existing packages, Credit Suisse is now launching a credit facility worth CHF 500 million targeted at its medium-sized and larger SME clients.
With the new facility, Credit Suisse is making loans of between CHF 500,000 and CHF 10 million available to its corporate clients that have a viable business model, were able to operate successfully prior to the crisis, and have been hard hit by the current circumstances.
As the bank for entrepreneurs, Credit Suisse wants to provide targeted assistance to these businesses, thus making a further contribution to helping the economy overcome the crisis.