The Relevant Act provides for suspension of loans of any kind including leasing, both for corporations and consumers.
Corporations must qualify as SMEs.
A law provision allowing consumers to ask for a suspension of the loan granted for the purchase of a first-domicile house in case of certain events such as loss of job was already in force before COVID-19. Such suspension right has been extended by the Relevant Act to self-employed professionals that provide a self-declaration on their reduction of income following the COVID-19 epidemic.
In addition, SMEs are entitled to recourse to a Central SME Guarantee Fund, to get a free-of-charge, partial insurance to credits granted by credit institutions. The coverage percentage is equal to 80% for direct guarantee interventions and 90% for reinsurance intervention (which, until 31 December 2020 has been extended up to 90% and 100% at certain conditions), for a maximum guaranteed amount of EUR 5 million for each company. Law-Decree 23 of 8 April 2020 extended the recourse to the Central Guarantee Fund also to midcap companies up to 499 employees.