Bank Related Matters2020-04-14T08:22:50+00:00

Bank Related Matters

New Loans – Covid-19 Guarantee Scheme (CGS)

The government allotted a fund amounting to €350 million for the bank guarantees. This Scheme will facilitate commercial banks to fund up to €777.8 million worth of loans to Maltese businesses. The Malta Development Bank will administer the CGS to aid companies facing cash flow disruptions.

Eligible working capital costs include:

  • Salaries
  • Rental Costs
  • Water and Electricity bills
  • Fuel
  • Trade Creditors
  • Acquisition of Material or Stock
  • Direct expenses of contracts which were cancelled or postponed

Small and medium sized business can benefit from a loan up to €2-€4 million while large business can benefit from a loan up to €5-€8 million. These loans come at lower interest rates with a repayment period of up to 6 years and a 6-12 months moratorium on both interest rates and loan repayments.

How can we assist you?

  • Evaluate the current financial position
  • Prepare the financial projections required by the Banks
  • Guidance and support during the course of the application

Existing Loans

  • Possibility to apply for a three-month moratorium from banks for business or personal loans

We can assist you in applying for new loans or for moratorium on your existing loans.

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