State guaranteed loans Covid-19State approves more than 100 loans for total of €30 million

RTL Today
The average amount of the loans lies at €250,000 with an interest rate of 1.5 to 3%.

Around 200 companies applied for the state guaranteed loans to soften the financial blow of the pandemic, DP MP and president of the parliamentary budget and finance commission André Bauler told RTL.

The loans in question are guaranteed by the state (85% of the amount) and banks participating in the scheme (15% of the amount) over a six-year period. A more detailed report will be published in autumn.

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