On March 25, 2020, the Swiss Federal Council announced measures to help Swiss SMEs in light of the Covid-19 crisis. It is only natural that BNP Paribas in Switzerland has decided to join this program to show its support to the Swiss economy.
The program consists of two types of loans, and a client requesting support under this program must be an existing client of the Bank:
- COVID 19: up to 500K CHF, 100% secured by the Confederation (through Sociétés de Cautionnement), 0% interest rate
- COVID 19 Plus: (in addition to the Covid 19 loan), between 500K CHF and 20Mio CHF, max 10% of turnover, 85% secured by the Confederation, 15% Bank’s risk. Interest rate of 0.5% for the part covered by the Confederation.
If you are an existing client, this is how you can get support:
- Fill and sign the form “Aide transitoire COVID 19” or “Aide transitoire COVID 19 Plus” available on the following website: https://covid19.easygov.swiss/fr/
- Contact your Relationship Manager and send him/her the signed form together with requested documents.