Quo vadis liquidity? Corona-stricken companies under pressure to act

Secure comprehensive advice and receive a 50 % subsidy.

Currently, most companies still have sufficient liquidity or solid liquidity cushions, but an uncertain time is again ahead. If the required minimum turnover is not achieved in the coming year, with or without bridging aid, it will therefore be financially difficult for many businesses to survive.

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Überbrückungshilfe III / Bridging Assistance III – Background Information & Overview

Überbrückungshilfe/ Bridging assistance –
improved, expanded and topped up!

We have summarized the most important points for you in the following text.

A term sheet and annex have been published for Überbrückungshilfe/ Bridging Assistance III, as well as an overview of the planned simplifications and increases to Bridging Assistance III.

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November assistance and new start assistance for solo self-employed

In view of the dynamic occurrence of infection, the federal government and the states have decided on measures to break the wave of infection. For certain industries, this includes temporary closures. With the extraordinary economic aid, the solo self-employed are now also being supported.

Many solo self-employed people are waiting for this information,

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Extraordinary Corona Economic Aid November

The extraordinary Corona Economic Assistance for the month of November 2020 offers further important support for companies, businesses, self-employed persons, associations and institutions that are particularly affected by the current Corona restrictions. The details and conditions of the Corona Economic Aid November are now fixed.

The application for Corona Economic Assistance November must be submitted by the tax consultant or auditor and is currently not yet possible.

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For all, which must close starting from 2.11., the again announced Corona economic aids are extremely interesting!

Companies affected by the temporary closure, such as the catering industry, are to receive 75% of November 2019 revenues.

It is expected that applications will again be submitted via the bridging assistance platform. However, this platform must first be programmed for this purpose. Bridging assistance and short-time working allowance (KuG) will be deducted from the reimbursement amount.

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Bridging aid Corona (Phase 2) is extended, expanded and simplified

On September 18, 2020, the Federal Ministry of Economics and Energy (BMWi) informed about the extension and expansion of the bridging assistance provided by the Federal Government for the months September to December 2020, whereby the access conditions will be lowered and the assistance expanded.

The aid programme (Bridging Assistance II) supports small and medium-sized enterprises as well as solo self-employed and freelancers who are particularly hard hit by the measures to combat corona with non-repayable grants towards fixed operating costs.

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