Category BUSINESS & FINANCIAL UPDATES
April 7, 2020
The Malta Development Bank has launched a Guarantee Scheme (CGS). This scheme aims to provide a €350 million fund to support all types of businesses in Malta to meet cashflow disruptions due to the effects of the Covid-19.
This scheme aims to provide a €350 million fund, as a guarantee for commercial banks accredited by the MDB to provide €777.8 million in new working capital loans.
These loans are limited to certain parameters including the annual wage bill and turnover and can only be used to cover certain outlined costs.
We at EMCS can assist you with the following:
- Analyse the company's financial situation and eligibility to access and benefit from these government backed loans
- Prepare all financial forecasts that banks would need with the loan application
The full details of the Government Guaranteed bank loans can be viewed here - https://mdb.org.mt/en/Schemes-and-Projects/Pages/MDB-Working-Capital-Guarantee-Scheme.aspx.