Berlin Federal Minister of Economics Peter Altmaier (CDU) and Federal Minister of Finance Olaf Scholz (SPD) made it unmistakably clear at the end of last week that they are ready to give companies in Germany massive support in view of the corona crisis. On Sunday evening, the economic department stepped up and emphasized that the aid programs should benefit companies of all sizes.
“Liquidity instruments apply to all companies – across all sectors and from the self-employed to small and medium-sized companies to larger companies. We’re not leaving companies alone in this difficult situation, ”said a spokeswoman for the Ministry of Economic Affairs on Sunday evening.
The federal government will take all necessary measures so that companies “get through the crisis safely”, the spokeswoman emphasized. “We are putting up a protective shield for employees and companies, the central instruments of which are comprehensive liquidity aids and express guarantees for companies. We are giving unlimited aid pledges to ensure full liquidity coverage, ”she said.
The Ministry of Economic Affairs provides various instruments to support companies in the event of liquidity bottlenecks. Altmaier and Scholz emphasized on Friday that existing programs would be expanded significantly.
A number of programs apply to companies in all industries, including small businesses including freelancers. These include the “ERP-Gründerkredit – Universell” or the KfW-Unternehmerkredit.
The guarantee banks and state guarantee programs also offer default guarantees. The programs are basically open to all sectors.
They are also particularly available to small and medium-sized companies. Small businesses and self-employed people can also receive support.
More information is available on the Ministry’s website. Countries also have various business support programs.
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