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Title : What you need to know about state-guaranteed loans
1. What is the state guarantee?
Description: Loan granted by a bank to a company, guaranteed by the Luxembourg State.
2. Which companies are eligible?
Description: Companies needing liquidity due to economic consequences of the conflict between Russia and Ukraine.
3. Which loans are eligible?
Description:
Loans with a maximum duration of 6 years,
Granted between 1 May and 31 December 2022,
To meet liquidity needs related to the Russia-Ukraine conflict.
4. What is the maximum amount?
Description:
15% of the company’s total average annual turnover over the last 3 years, or
50% of the company’s energy costs over the previous 12 months.