Börse Express – VIRUS / chemical industry: faster help for medium-sized companies is necessary

The chemical industry demands faster help
for the many medium-sized companies in the industry. Straight
Smaller companies with 100 or 200 employees were threatened in the
Corona crisis to fall through the federal funding grid, explained
the Association of the Chemical Industry (VCI). “Liquidity Aid
must be made available quickly and, above all, unbureaucratically.
This is not yet the case, especially for smaller companies
guaranteed “, said board member Henrik Follmann on
Thursday.

Companies can take out loans against the acute liquidity shortages
To apply for KfW, the state development bank bears 80 to 90 percent
of credit risk. The rest is done either by the house bank or by
Company provides security. Here the federal government should
touch up, the VCI in Frankfurt demanded. He represents chemical and
Pharmaceutical companies with around 465,000 employees in Germany.

It is conceivable, for example, to exempt banks even further from credit risk
or to check the creditworthiness of companies later. “At worst is
the company is insolvent until the loan decision “,
complained the VCI. KfW had to process the applications quickly and
pay off. The opening of the economic stabilization fund for
all companies, including medium-sized companies with a manageable size
Number of employees is a way to make money available quickly.
Direct grants from the federal government are currently only available to companies with fewer
than ten employees.

There were repeated complaints from the economy, the help
would not get to the companies quickly enough. The KfW reported
on Thursday from a huge rush: 2500 loan applications with
They already have a total volume of 10.6 billion euros
adopted./als/DP/nas

AXC0352 2020-04-02 / 15: 58

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