Image: mauritius images / Wolfgang Filser /
Since November 9, 2020, the KfW quick loan has also been available for self-employed people and companies with up to 10 employees.
Since November 9, 2020, the KfW quick loan has also been available for self-employed people and companies with up to 10 employees.
In view of the dynamic infection rate and the continued tense economic situation in the wake of the corona pandemic, the federal government is extending a
BMF press release the KfW special program, including the KfW quick loan, until June 30, 2021, in order to continue to provide companies with liquidity. As soon as the European Commission has approved the extension of the previous state aid basis, the corresponding aid can also be granted in 2021.
Expansion for self-employed people and companies with up to 10 employees
Self-employed persons and companies with up to 10 employees can now also apply for these KfW loans with an amount of up to EUR 300,000 via the house banks, depending on the turnover achieved in 2019. The federal government assumes the full risk and releases the house banks from liability.
Repayment of KfW quick loans
The regulations for the repayment of KfW quick loans have also been improved. From November 16, 2020, the early, pro-rata repayment without a prepayment penalty is now also possible. This makes it easier to combine with other Corona aid programs.
Key points of KfW quick loans
The KfW quick loan will be available from Monday with the following key points:
- Small and medium-sized companies as well as self-employed persons who have at least Active on the market since January 1st, 2019 have been.
- The company must have one in the sum of the years 2017-2019 or in 2019 Profit have achieved. If the company has only been on the market for a shorter period of time, this period is used.
- The Credit volume per group of companies amounts to up to 25% of the annual turnover in 2019, a maximum of EUR 800,000 for companies with more than 50 employees, a maximum of EUR 500,000 for companies with up to 50 employees and a maximum of EUR 300,000 for companies with up to 10 employees.
- The company is allowed to use as of December 31, 2019 not been in trouble and must have an orderly economic situation at this point in time.
- The interest rate is currently 3 % with a Term of 10 years.
- The bank receives a Indemnification 100% by KfW, secured by a federal guarantee.
- The credit approval takes place without further credit risk assessment by the bank or KfW. There is no security to be provided.
–
–
