Guarantee banks are increasingly securing loans in the Corona crisis with a default guarantee. The funding opportunities have been expanded and decision-making processes simplified. The federal government has extended this corona aid until the end of June 2021.
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The guarantee banks assume default guarantees for loans to medium-sized entrepreneurs and freelancers if they cannot provide their credit institution with sufficient collateral. The federal government had expanded the funding opportunities of the private guarantee banks as part of the Corona aid package. The extension, which was originally limited to December 31, 2020, is now bis extended to June 30, 2021that reports Association of German Guarantee Banks.
Financing portal Im Finance portal of the guarantee banks interested companies find the Guarantee bank in your state.
Among other things is the Guarantee upper limit currently at 2.5 million euros (previously 1.25 million euros), the federal government takes over through a higher counter guarantee more risk and there are different measures for it Decisions made faster will.
According to the association, the extended offers were nationwide by around the end of November 4,600 companies used – over a third more compared to the same period in the previous year. Accordingly, loans of over 1.3 billion euros were secured by the guarantee banks.
Via the financing platform finanzierungsportal.ermoeglicher.de can be entrepreneurs, freelancers, founders and successors Make financing inquiries online. Contact can also be established in the classic way through the house bank, the Chamber of Crafts or IHK, another chamber or the advisor.
Equity for SMEs in Crisis Also the offer of Medium-sized investment companies was recently expanded. Read more here
