SIH Anti-Corona Guarantee 2

The Slovak Investment Holding (SIH) hereby releases a call for financial institutions to take part in the financial instrument “SIH Anticorona Guarantee 2”, whose objective is to facilitate the provision of favourable-terms bridge loans to Slovak enterprises. The financial instrument comprises guarantees for banks by which the SIH shall, through its NDF I and NDF II funds, shoulder up to 90% of banks’ credit risk pertaining to all extended new loans. The financial instrument is funded from European structural and investment funds (ESIF) with a total volume of allocated funds at €347 million and from state financial assets with a total allocation volume based on banks’ needs and the overall limit of €1.75 billion. 

The new bridge loans (with one-year deferment period on principal and interest) shall have maturity of two to six years and the maximum limit of €2 million per loan. The maximum limit on interest rates will be at 3.9% p.a. for microbusinesses and at 1.9% p.a. for other businesses. Applicable to each loan is a guarantee fee whose amount shall depend on the loan’s maturity; however, the fee shall be remitted if the business preserves employment at the pre-crisis level. 

The call along with all applicable documentation can be found below. All banks that are interested in helping with the implementation of this financial instrument are required to submit the necessary documents specified in the call not later than by the deadline of 10 p.m., July 10, 2020.


Documents to download


SIH Anti-Corona Guarantee 1

The financial instrument consists of a portfolio guarantee for financial institutions and an interest subsidy of up to 4% for those enterprises that manage to preserve existing jobs. By means of said financial instrument, the SIH will shoulder a part of the banks’ credit risk ensuing from new loans extended to the SMEs negatively affected by the current situation. Thanks to the SIH Anti-Corona Guarantee, it is expected that the loans may be provided as interest-free.

The SIH Anti-Corona Guarantee is expected to facilitate the provision of new bridging loans with maturity of no more than four years (including a 12-month grace period on both the principal and interest) and up to almost €1.2 million per loan. The beneficiary businesses will be able to use the funds loaned to cover both their investment and operating costs.

 The eligible SMEs can apply for loans via their respective commercial banks that take part in administering the entire process.


Banks involved in the guarantee scheme


Documents to download