Additional COVID-19 credit facility for Credit Suisse's corporate clients.
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.
Questions and answers
We kindly ask you to contact your client advisor.
The company must already be a client of Credit Suisse, have a business model that is viable in normal times, and a credit requirement of at least CHF 500,000.
We require the standard documents for a loan application, including the most recent annual financial statements. Your client advisor will be pleased to provide you with further information.
As soon as possible, following an in-depth review of all documents (usually 1–2 weeks).
Yes, it can.
The interest rates will be set individually, based on the company's situation.
Until June 30, 2021 (subject to change).
The primary purpose of the loan is to help companies to bridge liquidity gaps. The loan cannot be used for dividend payments, loan repayments, or the repayment of shareholder loans.