The Federal government has decided, in the Corona-crisis, additional aid for the middle class. With a new loan program of medium-sized firms are to be powered easier with the urgently needed loans.
“Who was last year economically active revenues had the can also get three month sales as a credit,” stressed Finance Minister Olaf Scholz (SPD) in the Federal press conference on Monday. Using the new quick loan program to guarantee company quick liquidity without a lot of time pass away.
the vertices of The programme, the German press Agency. Accordingly, loans of up to 800,000 euros per company to be a 100% state liability hedged. The company may, however, 31. December 2019 is not in trouble have been and must be in “overall economic conditions”.
the maximum limit for smaller companies EUR 500,000
the new program will be key data for the term of the loans in ten years – with the former KfW-special program for five years. So you wanted to help, especially for small companies, said economy Minister Peter Altmaier (CDU). Eligible for firms with more than ten employees are supposed to be.
There will also be a 100-percent exemption from liability of the Bank by the government development Bank KfW and the Federal government. The loan amount was three months ‘ sales of the year 2019 – maximum per companies with 11 to 49 employees, in the case of Euro 500,000, in the case of businesses with 50 or more employees at € 800,000.
The company must have made, therefore, before profit – the average for the past three years. The Bank would need this as well as turnover and number of employees to check before disbursement of the Loan. The company must have been also since at least the beginning of 2019 active on the market.
the EU had been allowed on Friday EUR 800,000 as the ceiling
Over the weekend, financial and economic advice to the Ministry intensively about the new program. Late Sunday evening, there was Reportedly an agreement. The goal is to prevent bankruptcy and preserve Jobs.
The EU Commission had made on Friday out of the way for the planned program. The Commission approved programmes, where member States, for example, interest-forgiven-free loans, or a 100 percent risk liability for take can. The maximum limit per company is € 800,000.
credit checks the house banks to consuming
In the additional program it is, especially for the Mittelstand in order to improvements in lead times and liability to secure exemption for loans – of the liquidity of companies and to prevent bankruptcies.
In the Corona-crisis had to close many stores. To do this, drastic cuts in public life, to slow the spread of the Virus. Orders and revenues are broken away in many industries.
- The economic and financial consequences of the Corona-crisis in the News Ticker to the Corona Crash
receivables to be a Takeover of the whole risk were formulated, therefore, the last representative of the economy. Many companies criticize credit checks the house banks to be too expensive and the loans would not be forgiven, because commercial credit in the current crisis worthy of it.
house banks are often a “bottleneck” at the Corona-loans
The Federal Association of liberal professions such complained of more problems with the Corona-credit assistance. Chief Executive Peter Klotzki said with a view to a query in the case of the regional associations, in-house banks would often due to their “defensive behavior” to the eye of a needle. “At this point, could be optimized by the state banks to 100 percent of the liability.”
In the case of direct grants to small companies, freelancers reported that they felt the proposals as a very bureaucratic and the conditions were not sufficiently known, so Klotzki more. A challenge in the fact that in the case of Solo-self-employed, private and corporate costs “are not subject to clear-cut that serves to immediately help the Federal government but operating costs”. So the liquidity gap could in part not easy to calculate or it’ll be solely the reason for the fuse in question.
more than four billion euros in emergency aid,
is not granted to run The straight to the professions addressed help should but into the Void. “This would represent not only the preservation of small-and medium-sized structures of many freelancers into question the existence, but also the psycho would be a very bad sign, especially for the part of the self-employed and their Teams to solve the crisis relevant to the system.”
- The latest developments relating to the outbreak of the Coronavirus in the News Ticker.
How big is the demand for assistance, especially for small companies, show the latest Figures from the Federal Ministry of Finance. Until Friday afternoon, had requested, according to a report by the “Bild am Sonntag” is already 1.25 million Solo self-employed and small business owners with the immediate grant by the Federal government. Accordingly, funding in the amount of 4.1 billion euros had been approved. Doctor warns of rubber gloves: “Hygienic mess on a large scale” FOCUS Online/Wochit doctor warns of rubber gloves: “Hygienic mess of major proportions”
pom/dpa
