Companies affected by the consequences of war can now apply for guarantees and loans step by step. Which conditions apply to whom.
By Karen Birk
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The aid promised by the traffic light coalition in view of the Ukraine war at the beginning of April is now starting step by step. “We support the affected companies in a targeted manner,” said Federal Finance Minister Christian Lindner (FDP) with a view to the KfW loan programs limited to the end of the year and extended guarantee programs. With a “targeted protective shield“ For companies, the federal government is doing everything to preserve the substance of the economy, added Federal Minister of Economics Robert Habeck (Greens).
Guarantee program: Applications can be made
As the two ministries and KfW have now announced in detail, corresponding guarantees have been provided since April 29th. However, the decision on the application will only be made after the approval under state aid law. “The federal government is in advanced talks with the EU Commission on this,” it says with a view to the extended program of the guarantee banks and the large guarantee program.
In the case of the former small and medium-sized companies with a guarantee requirement of up to 2.5 million euros for Working capital and investment loans supports. The guarantee rate is a maximum of 80 percent.
entry requirements
The program is limited to the end of the year and is valid only for companies affected by sanctions against Russia, Belarus or the consequences of the war in Ukraine.
According to the ministries, this applies, for example, if you sales market collapsed there is or she Loss of production there or in this country – for example due to a lack of raw materials. Companies are also eligible to apply if their Production facilities in these countries have to close or are particularly affected by increased energy costs. The energy cost share must account for at least three percent of the annual turnover. The same requirements apply to the large guarantee program, where companies can apply for guarantees from EUR 20 million for working capital and investment loans.
KfW loans with limited liquidity
The KfW special program UBR 2022 “will start shortly”, said the ministries and KfW. Through Low-interest loans are intended to support companies in all sectors and sizeswhose Liquidity demonstrably restricted by the Ukraine war is. Funding is available for working capital and investment loans with a maximum term of six years and up to two grace-free start-up years and a six-year fixed interest rate. There is a liability exemption of 80 percent for the house banks for these promotional loans. The admission requirements correspond to those of the guarantee programs. In addition, there will be a program for large-volume syndicated financing, which is expected to start on May 9th. The programs are also limited to the end of the year.
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