The offer of Covid-19 crisis relief measures has concluded.
Application takes place through banks
Firstly, contact your bank and ask for a new loan or relaxation of the repayment schedule for an existing loan. Banks are ready to offer grace periods to enterprises affected by the crisis.
Application process and solutions
Think through a plan on how to bring your company out of difficulties
It does not have to be thorough. It is important that you have thought through all the possible solutions.
The KredEx measures are intended for overcoming temporary liquidity difficulties.
Contact your bank
Ask for a new loan or relaxation of the repayment schedule for an existing loan.
Banks are ready to offer grace periods to enterprises affected by the crisis.
Solution by the bank
The bank independently finds a solution that is suitable for you
The bank involves KredEx
Should it become necessary, the bank will involve KredEx
No suitable solution is reached with the bank
In this case, contact KredEx for applying for the loan
Measures
Completed measures
List of undertakings that were granted crisis aid
- Undertakings that were granted an extraordinary loan
- Undertakings that have used an extraordinary guarantee
List last updated on 20 December 2021
What is a guarantee and how does it work?
1
The undertaking
The undertaking applies for a loan or lease from the bank
At that, the undertaking:
- has a strong project
- requires capital
- lacks sufficient collateral for receiving a loan
2
The bank
The bank considers the undertaking’s project too risky.
To mitigate the risks, the bank can:
- If the project is suitable, add the KredEx guarantee independently on the basis of a power of attorney
- Involve KredEx in the decision-making process
3
KredEx
KredEx processes the guarantee application
- KredEx evaluates the undertaking’s business plan
- Makes a decision on granting the guarantee
4
The bank
If KredEx makes a positive decision on the guarantee, the bank will grant the loan to the undertaking
5
The undertaking
The undertaking pays a one-time contract fee to KredEx, and guarantee fee thereafter
- The undertaking puts the business plan into action with the funding raised
- They remain sustainable and perform any current obligations
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1. The undertaking
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2. The bank
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3.
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4. The bank
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5. The undertaking
KredEx uses the COSME COVID-19 co-guarantee
Read moreAlso see other KredEx services aimed at undertakings
See moreIf you have any questions about the crisis measures send an e-mail to kriisiabi@kredex.ee
