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President of the craft: Companies need help until the end of March

2020-03-24T04:42:21.774Z


Is there a bankruptcy wave due to the corona crisis? Many industries are affected and call for quick help. The craft says: The house banks are a crucial "bottleneck".


Is there a bankruptcy wave due to the corona crisis? Many industries are affected and call for quick help. The craft says: The house banks are a crucial "bottleneck".

Berlin (dpa) - craft president Hans Peter Wollseifer asked for quick help until the end of the month in the corona crisis - otherwise many companies went bankrupt.

"If the funds and grants fail to reach the companies before the end of March, the federal government's aid efforts are in danger of failing," said Wollseifer of the German Press Agency. "We are in a race against time, which is about nothing less than the continued existence and continued existence of thousands of companies and jobs. For many companies in the craft it is now a matter of days whether they can do it survive or whether they go bankrupt. "

Wollseifer went on to say: "Many companies will have to pay wages for the next week that require liquid funds." Therefore, it is imperative that the flow of resources is set in motion very quickly by everyone involved - so that many companies do not have to close their doors forever in the coming week.

In addition to direct grants for small companies that do not receive loans and do not have collateral, the federal government also decided on an unlimited loan program for companies through the state development bank KfW. This is to secure liquidity through the house banks. KfW is liable with up to 90 percent for operating resources and investments. Banks and savings banks expect a flood of loan applications and promise to process them quickly, the first loans have already been paid out.

Other business associations had already called for quick help. The German Chamber of Commerce and Industry had demanded a temporary 100 percent liability from the state.

Wollseifer emphasized that what counts for the companies concerned is not what is promised or promised on paper, but what actually arrives at them. "This has to be much faster and less bureaucratic than it is now," said the President of the Central Association of German Crafts.

Wollseifer said that the house banks were a crucial "bottleneck" these days. "Many companies complain that the application process there continues as if there was no extreme situation. That has to change. It cannot be that the politically responsible people go to great lengths and decide on unprecedented help within a few days, but they do when it comes to loan applications Banks don't get on track. " Application procedures would have to be significantly streamlined and simplified.

"The usual queries of several months of liquidity and sales planning for a company have to be avoided, as they are currently an impossibility anyway," said the craft president. "If it turns out that, despite the credit risk now being reduced to 10 percent, the banks do not provide the handicraft companies with the absolutely necessary liquidity loans, or with interest rates that are far too high, must be adjusted quickly."

Wollseifer said that many companies will be unable to help them with grants to finance their running costs - if they want to prevent them from disappearing from the market. "Here too, the money has to flow quickly so that it is not too late for the companies and their employees."

Source: merkur

All news articles on 2020-03-24

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