The Federal Ministry for Economic Affairs and Energy (BMWi) is helping companies to cushion the economic impact of the Corona crisis.
They can receive funding of up to EUR 100 million for:
- all investments that are expected to lead to sustainable economic success,
- for working capital / running costs, such as rent, salaries and stock,
- the purchase of other companies or a stake in them,
- the purchase of assets from other companies (e.g. production facilities),
You will not receive any subsidy
- If your business was already in economic trouble before 12/31/2019 (before the Corona Crisis),
- if you distribute profits or dividends during the term of your loan...
- For debt restructurings or extensions of existing loans,
- if you want to pay off the draw on your line of credit with your primary bank,
- for follow-up financing of projects already started or completed,
- if you are a start-up or your company has existed for less than 5 years,
- for trust constructions and silent partnerships,
- for so-called in-itself transactions, such as the purchase of your own company shares,
- for residential, non-profit and municipal use in the case of renting and leasing,
- if your company is excluded from subsidies under state aid law,
- if you have already started the measure before submitting the application.
You can receive a maximum of EUR 100 million in credit. The maximum amount of your credit is limited to.
- 25 percent of your annual turnover in 2019 or
- twice your wage costs in 2019, or
- the liquidity requirements
- for 18 months in the case of small and medium-sized enterprises (with fewer than 250 employees and a turnover not exceeding EUR 50 million a year),
- for 12 months for large companies (with more than 250 employees regardless of annual turnover).
For loans over EUR 25 million, you cannot receive more than 50 percent of your company's total debt or 30 percent of its total assets as a loan.
You can finance up to 100 percent of eligible costs through the loan.
Eligible measures are:
- Investments
- Working capital
- Stock of goods
- Acquisition of assets from other companies and active participations
You pay a reduced interest rate of between 1.00 to 2.12 per cent per annum for the loan. Your individual interest rate depends on
- your economic circumstances (creditworthiness) and
- the quality of your collateral.
Small and medium-sized enterprises (SMEs) receive particularly favourable interest conditions.
You can initially only pay interest for up to 3 years after the loan has been disbursed (grace period). This gives you greater financial leeway in the initial period after the investment.
You can choose the following loan term variants for your measure:
- for the loans in excess of EUR 800,000:
- Up to 6 years term
- with a maximum of 2 repayment-free years
- and a fixed interest rate for the entire term of the loan.
- for the loans up to EUR 800.000:
- up to 10 years term
- with a maximum of 2 repayment-free years
- and a fixed interest rate for the entire term of the loan.
- if you finance only current costs (working capital and inventory):
- up to 2 years term
- with a fixed interest rate for the entire term of the loan and
- Repayment in one sum at the end of the term.
If you have completed investment, you must prove that you have spent all the money from the loan on your measure.
You must keep all documents related to the eligible costs.
You can repay all or part of the loan early. If you do, you will have to pay an extra fee (early repayment penalty).
Applications for funding are processed by the Kreditanstalt für Wiederaufbau (KfW).
You have no claim to the approval of the subsidy.
Notice:
You can combine the funding from this programme with other funding from the Kreditanstalt für Wiederaufbau (KfW).
If you select a location under "Localization" the contact details of the responsible authority and, if applicable, locally valid information will be displayed.