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Coronavirus – Support for Berlin's Businesses

Last updated on 10 May, 16:00

The spread of the Coronavirus currently poses not only a risk to our health, but also a great challenge to many of Berlin's businesses. In the short term, support such as bridge loans, credit guarantees, or liquidity assistance, as well as measures such as 'short-time work' (a short-term reduction in working hours and salary), may be of help.

In order for you to find quick and competent information about the current support measures available to you, we have put together an overview to help answer your general questions.

Support programs at a glance

"Temporary support III" and "Re-Start assistance" by the Federal Government

The application process for "temporary support III" has started. "Temporary support III" has been expanded from the current "temporary support II". The funding period covers November 2020 to June 2021. Further information here (in German).

The new "re-start assistance" is addressed to solo self-employed persons and self-employed members of the liberal professions in their main occupation without employees, who cannot claim fixed costs within the framework of the "temporary support III" as well as to multi-person corporations (for example limited liability companies) that have only low fixed operating costs. Applications can only be submitted directly. The maximum amount of the "re-start assistance" is 7,500 euros. Further information in the FAQ (in German).

Further information is available on the websites of the Federal Government (in German).

On the website of the Berlin Chamber of Tax Consultants there is a list of law firms that support companies in applying for temporary support (in German).

"Temporary support II" by the Federal Government

The "temporary support II" of the Federal Government is aimed at solo self-employed persons, self-employed members of the liberal professions in their main occupation, small and medium-sized companies as well as non-profit companies and organizations. "Temporary support II" covers the funding months September to December 2020. Applications for the temporary support can be submitted only via tax consultants, lawyers and auditors.

Applications could be submitted until 31 March 2021. Change requests can still be submitted until 31 May 2021. A correction of the account details is possible until 30 June 2021.

Guarantee program „Corona Immediate Credit 250“

Small and medium-sized businesses in Berlin can apply for a guarantee from their house bank through the new guarantee program of the Senate Department for Economics and Bürgschaftsbank Berlin (BBB) to ensure liquidity until the Corona aid by the Federal Government is paid out. The BBB provides 90 percent deficiency guarantees for financing of up to 250,000 euros. When submitting an application, the companies agree to use any federal aid that has been paid out immediately to repay the loan granted.

Applications can be submitted until 30 June 2021.

Further information (in German): www.bbb-berlin.com/unser-angebot.html

Emergency financial aid IV 4.0 for cultural and media companies

Emergency financial aid IV 4.0 is addressed to cultural and media companies with at least two employees. Grants can be up to EUR 500,000 in exceptional cases.

Please note: In order to apply for Emergency Assistance IV 4.0, an application for "temporary support III" must be submitted first.

For further information, please visit the IBB website (in German).

Kfw-Schnellkredit 2020 (Kfw Quick Loan 2020) and repayment subsidies (Soforthilfe V)

For purchases (investments) and running costs (working capital), self-employed persons and companies, regardless of the number of employees, can apply for the "KfW Quick Loan 2020" from their house bank until 31 December 2021. The conditions are that they have been on the market at least since 2019 and have made a profit in the sum of the years 2017 to 2019 or in 2019. Further information on the KfW website (in German).

Small and medium-sized Berlin companies with more than 10 and up to 100 employees can apply for repayment subsidies for the KfW Quick Loan 2020 or a loan from the KfW Special Program 2020. Information on the IBB website (in German). The program ends on 30 June 2021.

Further support programs

  • Further support programs at a glance

    Corona aid for start-ups (venture and subordinated capital)

    The Corona aid is aimed at start-ups and small and medium-sized enterprises in Berlin. The funds of a maximum of EUR 800,000 per company or group of companies are granted by IBB Beteiligungsgesellschaft mbH or by private venture capitalists.

    Further information on corona aid for start-ups can be found on the IBB website (in German).

     

    Digital bonus Berlin (Digitalprämie Berlin)

    With the "Digitalprämie Berlin", the State of Berlin is supporting the digital transformation of solo self-employed persons as well as small and medium-sized companies with a grant of up to 17,000 euros.

    Applications for the "Digitalprämie Berlin" can be submitted until 31 October 2021 on the IBB website (in German).

     

    "Restart culture" (Neustart Kultur)

    "Neustart Kultur" is a comprehensive aid program of the Federal Government for the culture and media sector. The support focuses on cultural institutions that are particularly privately financed.

    Further information is available here (in German).

Further general information can be found here:

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