The Federal Ministry for Economic Affairs and Energy (BMWi) is helping companies to cushion the economic impact of the coronavirus crisis.
You can receive funding of up to EUR 100 million for:

• all investments that are expected to lead to sustainable economic success,
• for operating resources / running costs, such as rent, salaries and warehouses,
• the purchase of other companies or a stake in them,
• the purchase of assets from other companies (e.g. production facilities),

You will not receive funding

• if your company was already in economic difficulties before 31.12.2019 (before the Corona crisis),
• if you distribute profits or dividends during the term of your loan
• for rescheduling or extending existing loans,
• if you want to replace the utilization of your credit line with your house bank
• for follow-up financing of projects that have already been started or completed,
• if you are a business start-up or your company has been in existence for less than 5 years,
• for fiduciary structures and silent partnerships,
• for so-called in-sure transactions, such as the purchase of your own company shares,
• for residential, non-profit and municipal use in the case of letting and leasing,
• if your company is excluded from state aid,
• if you have already started the measure before submitting the application.

You can receive a maximum loan of EUR 100 million. The maximum amount of your loan is limited to

• 25 percent of your annual turnover in 2019 or
• twice your wage costs in 2019 or
• the liquidity requirement
  • for 18 months for small and medium-sized enterprises (with fewer than 250 employees and an annual turnover of no more than EUR 50 million)
  • for 12 months for large companies (with more than 250 employees regardless of annual turnover).

For loans over EUR 25 million, you cannot receive more than 50 percent of the total debt or 30 percent of your company's balance sheet total as a loan.

You can finance up to 100 percent of the eligible costs via the loan.
Eligible measures are

• Investments
• operating resources
• Warehouses
• Acquisition of assets from other companies and active participations

You pay a reduced interest rate of between 1.00 and 2.12 percent per year for the loan. Your individual interest rate depends on

• your financial circumstances (creditworthiness) and
• the quality of your collateral.

Small and medium-sized enterprises (SMEs) receive particularly favorable interest conditions.

You can initially only pay interest for up to 3 years after disbursement of the loan (grace period). This gives you greater financial leeway in the initial period after the investment.

You can choose the following loan terms for your project:

• for loans over EUR 800,000:
  • up to 6 years term
    • with a maximum of 2 redemption-free years
    • and a fixed interest rate for the entire term of the loan.
• for loans up to EUR 800,000:
  • up to 10 years term
    • with a maximum of 2 redemption-free years
    • and a fixed interest rate for the entire term of the loan.
• if you only finance running costs (operating resources and stock):
  • up to 2 years term
    • with a fixed interest rate for the entire term of the loan and
    • repayment in one sum at the end of the term.

When you have completed the investment, you must prove that you have spent the money from the loan in full on your measure.
You must keep all documents relating to the eligible costs.
You can repay all or part of the loan early. In this case, you will have to pay an extra fee (early repayment penalty).

Applications for funding are processed by the Kreditanstalt für Wiederaufbau (KfW).

You have no claim to approval of the subsidy.

Note:
You can combine the funding from this program with other funding from the Kreditanstalt für Wiederaufbau (KfW).