Credit facilities for small and medium-sized companies
25 March 2020
Dear sir or madam
By means of this newsletter, we are forwarding the information from the Federal Council regarding liquidity aid for SMEs (Small and medium-sized enterprises), dated 25 March 2020, to all companies based in the Canton of Zug.
With best regards,
Contact office for the Economy / Economic Promotion
Coronavirus: Federal Council adopts emergency ordinance on granting of credits with joint and several federal guarantees
During its extraordinary meeting on 25 March 2020, the Federal Council addressed the issue of liquidity assistance for SMEs, who should have rapid access to credit facilities in order to bridge liquidity shortfalls caused by the new corona virus pandemic. Companies are advised to apply for the credit facilities at their main bank. Security for these facilities will be provided by the Confederation. The corresponding ordinance enters into force on 26 March 2020, from which date credit applications can be submitted.