Financial Assistance for Small- / Medium- Companies
The German government has outlined a number of financial aid programmes available to companies during this time. The government has outlined that they will be providing short-term subsidies for small companies to help with rent and other fixed costs. For companies with up to five full-time workers they can avail of up to €9,000 in support. On the other hand companies with up to 10 employees can avail of up to €15,000 in government support. However, there are other programmes available in different states (Bundesländer) with Bavaria, North Rhine-Westphalia and Baden-Württemberg having state programmes for bigger companies as well as the one provided by the federal government. Supports ranging from €25,000 to €30,000 are available for bigger companies in some states.
Loans made from the state owned back Kreditanstalt für Wiederaufbau (KfW) are now more straightforward to avail of and the terms on which they are offering the loans have been made with the COVID-19 coronavirus crisis in mind. The way to be the loans should be less bureaucratic than it was prior to the crisis to ensure that companies remain able to continue. It is of course stating that the measures from KfW are loans and not grants. They will have to be paid back but they are designed with helping companies get over the worst of the crisis. This means that there are promising interest rates and extended deadlines in place for companies availing of the loans.
Other banks around Germany are offering attractive loan options for companies at the moment. It is not just limited to KfW. The loans available also depend on the state in which your business is operating and other factors. Usingthe support from an experienced partner during this time may help ensure that your company accesses the financial assistance it needs.
网友评论