Information on state subsidies & special credit programs

Protection shield for businesses and companies

  • What government-subsidised funds are available to cover short-term financing requirements and bridge liquidity bottlenecks?
  • What additional special programs are available?
  • What is the application procedure for support measures?

Überbrückungshilfe Corona

of the Wirtschaftsministeriums Bayern (Bavarian Ministry of Economic Affairs)

On 12 June 2020, the German government adopted the key points for the “bridging aid for small and medium-sized enterprises which have to cease their business operations completely or to a significant extent in the course of the Corona crisis”.

The bridging assistance is a cross-sectoral grant programme with a duration of three months (June to August 2020) and a maximum programme volume of 25 billion euros.

The aim of the programme is to secure the economic existence of small and medium-sized enterprises which suffer considerable loss of turnover due to complete or partial closures or conditions imposed by Corona.

For example, some sectors can apply for new/ further bridging aid if they meet certain conditions, such as a drop in turnover. These requirements must be confirmed by a tax consultant or auditor.

The guidelines, implementation instructions, application forms and FAQs etc. are currently being developed. An application for phase 1 is still possible until 30.09.2020. For phase 2, which comprises the funding months September to December 2020, applications will probably be possible from October onwards.

Further information on the questions:

  • When can applications be submitted?
  • Who is entitled to apply?
  • Where can applications be submitted?
  • What sales losses must one have suffered in order to be eligible to apply?
  • What costs are covered?
  • How is the bridging allowance calculated?
  • What is the maximum amount of the bridging allowance?
  • Where can I find up-to-date information?

as well as:
Bridging aid Corona of the Ministry of Economic Affairs of Bavaria regarding eligible applicants, eligible costs, type of aid and calculation of the amount of aid, maximum aid, duration, supporting documents, aid scheme, cumulation and relation to other programmes, etc.

Application for “Emergency Aid”

of the Wirtschaftsministeriums Bayern (Bavarian Ministry of Economic Affairs)

An application for corona emergency aid was still possible at federal and state level until 31.05.2020.

Applications could be submitted with a single application for both the emergency aid programmes of the Federal Government and the Free State of Bavaria.

Up to 15.000 Euro immediate aid for companies & self-employed

As a result of the corona crisis, small companies and solo self-employed persons such as artists and carers are to receive direct emergency aid of up to 15,000 euros over a period of 3 months.

A stabilization fund is to be used to strengthen large companies with capital, and the state is to be able to participate in the companies if necessary.

This would be financial aid, not loans. The federal cabinet will make the decision on the basis of the draft law “Corona emergency aid for small businesses and the self-employed”.

According to the law, financial aid can be granted to companies with “up to ten employees” who have suffered damage as a result of Corona after 11 March.

A one-off payment of 9000 euros for three months will be given to companies with up to five employees (full-time equivalents). Companies with up to ten full-time employees are to receive up to 15,000 euros for three months. If the landlord reduces the rent, the unused subsidy can be used for a second month.

Applications should be submitted electronically wherever possible. The application must be accompanied by an affidavit stating that the existence of the company is at risk or in liquidity bottlenecks due to the corona crisis.

Further KfW fast loans for small and medium-sized enterprises

The Federal Ministry of Economics and Energy (BMWi) decides to further promote SMEs with a new KfW fast loan. Interesting here is above all the 100% release from liability for the house banks, as well as the term of 10 years.

A disadvantage is the “high” interest rate of 3%.
According to other sources, it should be possible to reschedule the financing at a later date into other low-interest loans from KfW.

All about the newly approved KfW Quick Loan

The most important facts in brief

  • for purchases and running costs
  • small and large loan amounts – up to 800,000 euros
  • up to 10 years time for repayment, 2 years no repayment
  • KfW assumes 100 % of the bank risk

To the application: KfW Quick Loan 2020

KfW-Corona-Hilfe – Loans for enterprises

As a company, self-employed person or freelancer, have you got into financial difficulties due to the Corona crisis and need a loan?

To improve your liquidity and cover running costs, you can now obtain a KfW loan. You apply for the loan at your bank or savings bank.

A distinction is made between KfW and Sparkasse:

  • KfW fast loan for companies with more than 10 employees
  • KfW loan for companies that have been on the market for more than 5 years
  • KfW loan for young enterprises that have been on the market for less than 5 years
  • KfW Special Programme – Consortium financing from EUR 25 million
  • Further support for companies from the federal and state governments

All about the KfW fast loan and the KfW special programmes.

If you want to use a loan guarantee, please contact the guarantee bank of your federal state.

We will be happy to advise and help you with the application for loans.

LfA Development Bank Bavaria
Liquidity support through loans & risk assumption

The LfA helps companies to overcome the corona crisis with loans and risk assumption. A prerequisite for the support of the companies is a fundamentally viable business model and the willingness of the house banks to integrate the LfA support offers into the overall financing.

If you would like to take advantage of financing from the following programmes, please contact your house bank where the LfA loans are applied for and paid out.

Universal loan

  • Eligible to apply are commercial enterprises with an annual turnover (consolidated turnover) of up to and including 500 million euros and members of the liberal professions
  • financed, investments, the acquisition of inventories and general working capital requirements, including rescheduling of current liabilities
  • Maximum loan amount: EUR 10 million per project
  • as far as a loan of up to 4 million euros cannot be sufficiently secured by banks, an 80 percent indemnity against liability is possible for companies with group sales of up to and including 500 million euros
  • for indemnity against liability , a simplified application and processing procedure applies for all LfA promotional loans with indemnification up to 500,000 euros.


  • Eligible to apply are medium-sized commercial enterprises and members of the liberal professions
  • Guarantees of the LfA can also be applied for operating resources
  • maximum guarantee rate is increased to a uniform 80 percent of the loan amount for working capital, rescue and restructuring guarantees and consolidation loans
  • LfA guarantees up to EUR 500,000 the simplified application and processing procedure also applies as for indemnifications up to EUR 500,000
  • Guarantees of the LfA will be taken over up to an amount of EUR 5 million. State guarantees are also possible.
  • for Handicraft, trade, hotels and restaurants as well as horticultural businesses can take advantage of guarantees from Bürgschaftsbank Bayern GmbH

Acute credit

  • Eligible to apply are medium-sized companies in the commercial sector
  • Maximum loan amount: 2 million euros
  • at the submission of a consolidation concept is generally waived if the house bank confirms a reason for consolidation to the LfA in the application


If you need support or have any other questions about these topics, please contact us. We are happy to assist you with advice.

+49 89 547143
or by e-mail

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ACCONSIS – Corona Information (Update)

Addition to: Safe through the Corona crisis –
What you as an entrepreneur and freelancer should now pay attention to

After many aid programmes of the Federal Government have been adopted, our update provides you with a summary of the financial aid currently available to companies, the regulations and deadlines that apply to them and how you can make use of them quickly and easily in case of doubt.

In addition, you will find information on insolvency law and an outlook on the situation.

ACCONSIS – Corona Information

Safe through the Corona crisis –
What you as an entrepreneur and freelancer should now pay attention to

This client information provides you with important answers to many questions.