Since March, 52 million euros from KfW’s Corona program have flowed into the Waldshut district / 180 companies apply.
. It is not a warm rain of money falling on the companies in the region affected by the corona measures, but it is money that can help ensure economic survival: The loan amount from the KfW Bank (Reconstruction Loan Corporation) has been March 23, 2020 that flowed into the Waldshut district amounts to around 52 million euros. This emerges from communications from the two members of the Bundestag for the Waldshut constituency, Rita Schwarzelühr-Sutter (SPD) and Felix Schreiner (CDU).
Who got the loans?
According to information from the MPs, the KfW statistics for the district of Waldshut show the following values: 146 entrepreneur loans with a total volume of 33.23 million euros went to small and medium-sized enterprises (SMEs), 20 quick loans totaling 6.27 million Euros were disbursed and 14 start-up loans amounting to 2.19 million were approved. Large companies in the district were supported with a total loan volume of 10.19 million. The MPs refer to information from KfW Bank as of September 30, 2020.
The demand increases
continue after credit?
No. Demand for the loans specifically designed to mitigate the economic consequences of the corona pandemic appears to have declined in the past three months. As of June 30, 2020, it was 46.4 million euros that had been paid out to companies in the Waldshut district. It was around 5.6 million in the past quarter.
What is the money needed for?
According to Felix Schreiner, the focus is on investment financing and liquidity support for companies to ensure ongoing operations, as well as bridging classic liquidity bottlenecks due to declines in sales, closures or delivery bottlenecks.
How does it look
in the neighborhood?
More than 130 million have flowed into the Breisgau-Hochschwarzwald district. 72.17 million euros were approved for 328 small and medium-sized enterprises, quick loans totaling 15.34 million euros were paid out, 28 start-up loans were granted with a total volume of 9.8 million euros and 20 large companies received a total of 33 million euros.
How many requests were
placed throughout Germany?
At the end of the third quarter of 2020 it can be said for KfW Corona Help for Companies that around 90,000 loan applications have been received by KfW nationwide. 45.4 billion euros in commitments were made by the development bank. 97 percent of the applications come from small and medium-sized companies, 99 percent of which are loans with a volume of up to three million euros.
How do the MPs evaluate
the corona aid?
Regarding the current balance sheet of the Reconstruction Loan Corporation, the parliamentary state secretary in the Federal Environment Ministry, Rita Schwarzelühr-Sutter, says: “These figures show that the aid programs decided by the federal government are working. I hope that this money will effectively help entrepreneurs through the pandemic.” The CDU member Felix Schreiner is certain: “In this challenging time with difficult framework conditions, the federal government is creating tailor-made programs that are vital for many companies. […] I am very pleased that our medium-sized companies in particular benefit from the KfW Corona aid. “
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