1.) COVID-19 credit up to CHF 500,000 can be granted if the self-employed person or legal entity (excluding agriculture) declares that

a. was founded before March 1, 2020;
b. is not in bankruptcy or composition proceedings or in liquidation at the time of filing the application;
c. is economically significantly impaired due to the COVID 19 pandemic, in particular with regard to its turnover, and
d. has not already received liquidity guarantees based on the emergency legal regulations in the areas of sports or culture .... at the time of filing the application.

• The annual interest rate is 0.0%.
• The loan granted must be fully amortised within 5 years.
• Amortization: 5 years. In the event of considerable hardship for the borrower, the term may be extended once by the participating bank for two years with the consent of the guarantee organisation.

2.) COVID-19-Credit Plus up to CHF 20'000'000 can be granted if the self-employed person or legal entity (excluding agriculture)

a. submits the above-mentioned declaration and has a company identification number (UID number) and
b. the applicant's bank makes a positive decision according to a credit check customary in the industry, taking into account the joint and several guarantee, and confirms this to .... to the guarantee organisation.

The joint and several guarantee is reduced by the amount of the loan already described above under point 1). In general, 85% of the Credit Plus for the portion exceeding CHF 500,000 is secured by the Swiss Confederation. The lending bank participates in the loan with 15%.

• The annual interest rate for current account limits and for advances with a fixed term is 0.5% on the portion secured by the Federal Government.
• The loan granted must be fully amortised within 5 years.
• Amortization: 5 years. In the event of considerable hardship for the borrower, the term may be extended once by the participating bank for two years with the consent of the guarantee organisation.

3.) A joint and several guarantee is excluded if

a. the applicant's sales revenue in 2019 exceeded CHF 500 million; or
b. the credit to be guaranteed would be granted for new investments in fixed assets that are not replacement investments.

4.) For the duration of the joint guarantee, the following actions, among others, are excluded:

a. Dividend distributions and bonuses and repayment of capital contributions.
b. Granting of loans on the assets side or their refinancing of personal and shareholder loans, with the exception of the refinancing of overdrafts accumulated since 23 March 2020 .... with the bank that grants the loan guaranteed under this Regulation.
c. the repayment of group loans.

5.) Submission office
https://covid19.easygov.swiss/

6.) Form COVID-19 Credit Agreement (must be filled out and submitted for COVID-19-Credit and COVID-19-Credit Plus)

7.) Penalties
Fines of up to CHF 100,000

• if one of the above-mentioned credits is obtained with false information, or
• if the credit funds are used for actions in point 4 above.