Swiss remedy for coronavirus-related problems of SMEs.

Swiss remedy for coronavirus-related problems of SMEs.

Saturday, 25 April, 2020

Economy is slowing down as the pandemic continues. To help small and medium businesses, Swiss government created a unique system of loans free from interest with the help of commercial banks.

Over 100 thousand SMEs received money in three weeks.
This was possible because they are able to undergo the process in 30 minutes using only one governmental form.

This unprecedented approach caught attention of other European countries as a model for their anti-pandemic economic programs.

 

Sources:

https://www.investing.com/news/coronavirus/swiss-business-relief-scheme-during-coronavirus-attracts-international-interest-2146678

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