Are you using the Credit Guarantee Scheme for Agriculture corona (BL-C)? Then you must repay the money you received.
The BL-C is an extension of the Credit Guarantee Scheme for Agriculture (BL) for agricultural, horticultural, fishing, and aquaculture companies that are experiencing financial problems due to corona crisis. This scheme runs through 31 December 2021.
Do you have to repay?
You have to repay your loan.
How much do you have to repay?
You repay the entire loan, plus interest and any other costs. The conditions of your loan list all the costs that you must pay. It also states whether you can repay without penalty.
When do you have to repay?
Usually, you start paying off as soon as you borrow money. Sometimes the first period is repayment-free (grace period). You then only pay interest. This depends on the arrangement you made with your bank. You must start repaying 2 years after the start of the credit at the latest. The duration of a loan via the BL-C is a maximum of 4 years.
Whom do you have to repay?
You repay the loan to the bank from which you borrowed the money.