Coronavirus bridging loan

Important information on securing liquidity for Swiss SMEs

Status as per 1 April 2020, 08:00h

The package of measures announced by the federal government for the granting of loans with joint and several guarantees for small and medium-sized enterprises will come into force on 26 March 2020. This means that you will be able to apply for a bridging loan for your company from this date.

To continue to support, UBS will donate any profits from interest on COVID-19 loans to aid projects.

This is how it works

  1. Fill out the federal government’s official application form. This goes directly online.
    Tip: the form asks you for the email address of your UBS client advisor. If you do not know it, please enter one of the email addresses listed under point 3.
  2. Print out the form and sign it.
  3. Scan the form and send it to UBS by email:
    - German: CORONA-KMU-DE@UBS.COM
    - French: CORONA-PME-FR@UBS.COM
    - Italian: CORONA-PMI-IT@UBS.COM
    - English: CORONA-SME-EN@UBS.COM
  4. You will be notified by email as soon as the loan is available. A large number of applications are currently being submitted. We will do our best to process your application as quickly as we can – thank you for your understanding.

Official bridging loan application form

Here you will find all the relevant information from the federal government and the official application form to fill out.


Frequently asked questions

I haven’t applied for a loan yet:

Affected companies should be able to obtain credit amounts of up to 10% of their turnover (up to a maximum of CHF 20 million) quickly and easily. There are two types of loan:

  • Covid-19 loan: amounts of up to CHF 500,000 per company will be paid out by banks straightforwardly. These loans are fully guaranteed by the Swiss Confederation via guarantee organizations. The interest rate is currently 0 percent.
  • Covid-19 loan plus: for amounts in excess of CHF 500,000 and up to CHF 20 million, 85% of the loan is guaranteed by the Swiss Confederation via guarantee organizations. The credit risk for the remaining 15% is borne by the bank, which is why the application must be verified by the bank. The interest rate is currently 0.5 percent on the portion guaranteed by the Swiss Confederation.

Sole proprietorships, partnerships or legal entities domiciled in Switzerland that are suffering the economic effects of the global fight against the COVID-19 pandemic are eligible.

In order to be able to complete the procedure quickly and without unnecessary bureaucracy, the requirements have deliberately been kept simple and are based on the principle of self-declaration:

  • The company must have been established in Switzerland before the COVID-19 pandemic, i.e. before 1 March 2020; 
  • It must have suffered considerable economic losses due to the COVID-19 pandemic, particularly in terms of turnover; 
  • It is financially sound, i.e. it is not in bankruptcy, probate or liquidation proceedings.

COVID-19 loans can only be applied for if, on the date of submission of the application, COVID-19 liquidity assistance has not already been obtained on the basis of the emergency ordinances approved by the Federal Council on 20 March with regard to sport and culture. All the other conditions can be found on the federal government’s application form.

For the Covid-19 loan (i.e. amounts up to CHF 500,000), all you need to do is fill out the federal government’s application form. No further documents are required.

For the Covid-19 loan plus, additional documents may be necessary for the bank’s credit check (e.g. financial statements or liquidity plan).

The form asks you for the email address of your UBS client advisor. If you do not know it, please enter one of the following email addresses:

-        German: CORONA-KMU-DE@UBS.COM
-        French: CORONA-PME-FR@UBS.COM
-        Italian: CORONA-PMI-IT@UBS.COM
-        English: CORONA-SME-EN@UBS.COM

We recommend that you select your house bank in your application, as a client relationship is required for the loan to be paid out. If you are not yet a UBS client, you can open a client relationship digitally here.

The easiest way is to scan the signed application and send it by email directly to the UBS email addresses listed above. If this is not possible for you, you can also submit the application in one of our open branches or hand it in to your client advisor. However, this will significantly delay the process.

I have submitted an application but have not yet received the loan:

This program is a top priority for UBS. We are making additional capacities available in order to do everything in our power to process all loan applications as quickly as possible. To ensure the rapid processing of your application, we recommend that you use digital communication channels whenever possible.

A large number of applications are currently being submitted. We will do our best to process your application as quickly as we can – thank you for your understanding.

Once you have sent the application to UBS by email, you will receive a confirmation email as rapidly as possible. We will notify you immediately by email once the amount has been credited to your account – but we kindly ask you to be patient.

You will see the account on the product overview in E-Banking at the latest one day after confirmation. You can recognize it by the title “SWISS-GOV” or “E9” in the IBAN.

You will initially see the maximum loan amount as the account balance. Between one and two days later, the credit limit will automatically be suspended. The amount will then be shown as “0”.

You can use this current account up to the maximum loan amount, which means you can “go into the red”. First execute an account transfer by selecting "Payments > Direct access: account transfer". Debit the “SWISS-GOV” account, specify the desired amount and select your normal account as the credit account.

You can then use your normal account as usual for your payments. Please note that the “SWISS-GOV” account is only intended for account transfers, not for outgoing and incoming payments.

Would you like to know the maximum or remaining available loan amount? If so, go to “Assets > Credit limit” in E-Banking. Note: this function will be activated automatically one or two days after the suspension of the credit limit. If you still do not see this entry in E-Banking after two days, please contact the hotline for corporate clients.

UBS may reject your application without stating the reasons. In this case, you are of course free to submit an application to another bank.

If this happens, please fill in the application form again, print it out and sign it. You can then send this application to us again by email. Make sure that you enter the email address correctly. 

-        German: CORONA-KMU-DE@UBS.COM
-        French: CORONA-PME-FR@UBS.COM
-        Italian: CORONA-PMI-IT@UBS.COM
-        English: CORONA-SME-EN@UBS.COM

I have already received the loan:

The Federal Council ordinance clearly regulates the use of the bridging loan. The sole purpose of the loan is to cover running costs. This excludes, inter alia, the payment of dividends, the reimbursement of capital contributions, or new investments in fixed assets other than replacement investments. Once a company has recovered and wants to finance growth plans or distribute capital again, it can pay back the guaranteed COVID-19 loan and obtain financing from profits, “normal” bank loans or the capital market.

No, for regulatory reasons you are not allowed to credit the new account with the title "SWISS-GOV" or "E9" in the IBAN for the time being. We will inform you as soon as credits are possible.

Federal coverage of the Covid-19 loan applies for five years. An extension to seven years is possible in cases of hardship. It is intended that you will gradually repay the loan within this period. The start date for repayments is determined according to your possibilities. The account must then be closed.

You can make payments as soon as you see the “SWISS-GOV” account in E-Banking. Do you have urgent payments and is the account not yet visible despite confirmation? If so, contact your client advisor. He will carry out an account transfer and you can initiate payments through your existing account.

Please note that the “SWISS-GOV” account is only intended for account transfers, not for outgoing and incoming payments. First execute an account transfer by selecting "Payments > Direct access: account transfer". Debit the “SWISS-GOV” account, specify the desired amount and select your normal account as the credit account. You can then use your normal account as usual for your payments.

If you already use UBS financing solutions (e.g. If you have existing loans), we will be happy to discuss the possibility of suspending their amortization. Together we will find a solution. Your client advisor is here for you.