Factsheet for measure
DK-2020-12/599
–
Updated
– measures in Denmark
Guarantee scheme for small companies (under 250 employees)
Statsgaranteret lån for SMV’er
Background information
Together with all parties of the Danish parliament, the government has passed a new guarantee scheme via Vækstfonden (the Danish state's investment fund).The new scheme has opened for small and medium-sized enterprises (SMEs) affected by the effects of COVID-19.
The guarantee scheme is part of the government's aid package for business. The government and all the parliamentary parties announced the total relief package on 19 March 2020.
Content of measure
With the scheme, the State will provide a guarantee of 70% via Vækstfonden (the Danish state's investment fund) for new bank loans to companies which have suffered or expect to suffer a revenue loss of at least 30% as a result of COVID-19. The scheme can support lending to small and medium-sized enterprises (less than 250 people and having an annual turnover of no more than DKK 50 million and/or a total annual balance sheet of a maximum of DKK 43 million).
The schemes are valid until 1 October 2020 and also apply to Faroese and Greenlandic companies. Companies who want to apply for a guarantee through Vækstfonden must contact their bank as the new loan is provided by their financial institution.
The guarantee has a maturity of up to 7 years, which is written down annually on a straight-line basis. The prize consists of a foundation commission of DKK 2,500 and an annual commission of 1% of the amount guaranteed.
The scheme can support SME's for up to DKK 25 billion.
The measure runs until the 30 September 2021 with a last change of application the 24 September 2021.
Updates
The following updates to this measure have been made after it came into effect.
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24 September 2021
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The measure runs until the 30 September 2021 with a last change of application the 24 September 2021.
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Use of measure
The number of companies that are eligible for the scheme is unknown.
Target groups
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Workers
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Businesses
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Citizens
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Does not apply to workers
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SMEs
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Does not apply to citizens
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Actors and funding
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Actors
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Funding
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National government
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National funds
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Social partners
Social partners' role in
designing the measure
and form of involvement:
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Trade unions
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Employers' organisations
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Role
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No involvement
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No involvement
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Form
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Not applicable
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Not applicable
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Social partners' role in the
implementation, monitoring and assessment phase:
-
No involvement
-
Main level of involvement: Unknown
Involvement
n/a
Views and reactions
Information about partners possible involvement is not available.
Sources
