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Coronavirus – Support for Berlin's Businesses

Last updated on 24 September, 10:00

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.

+++ Information about the grant programme for individual and small businesses (Emergency Aid Measures for Small Businesses) can be found here +++

Current Corona Regulation for Berlin at a glance

What do I do now?

As a guide for your respective questions we recommend the following course of action:

Please see the checklist for preparing your consultation with the bank:

  • Checklist for your credit application

    When applying for financial support due to the current Corona pandemic, please prepare the following documents for your local bank, the Bürgschaftsbank Berlin-Brandenburg (Guarantee Bank Berlin-Brandenburg), or the Investitionsbank Berlin (Business Development Bank of Berlin). Every form of assistance involves an individual credit decision, which may require further documents and information. Make sure to prepare well for your consultation with the relevant institution, in order to ensure a speedy process of your application.

    Minimum required documents:

    + A short written description of the impact that the pandemic has had on your business

    + Annual financial statements / statements on excess of receipts over expenses for 2017 and 2018

    + A business assessment for 2019 (including totals reports and account balances)

    + A report on your credit requirements with explicit reference to an 'action' and 'liquidity' plan for the next twelve months

    + A self-declaration (the relevant form can be found on the website of your institute)

    + A proposal for the co-payments/personal contributions of any business partner(s)

1. Contact your bank

If you are in need of a bridge loan the first step should be to organise a consultation with your bank. You can also apply for federal aid from the KfW (Credit Institute for Reconstruction) through your bank.

2. Contact the Bürgschaftsbank Berlin (Guarantee Bank Berlin)

Credit for the bridging of liquidity shortages can be collateralised through the Bürgschaftsbank Berlin (Guarantee Bank Berlin-Brandenburg).

3. Apply for 'short-time work'

If your business imposes 'short-time work' (a short-term reduction in working hours and salary) due to the worldwide cases of sick leave caused by the Coronavirus, those affected can apply for 'short-time work' benefits. Information about 'short-time work' can be found on the website of the Federal Employment Agency (in German).

4. Negotiate a tax deferral

Talk to your finance office or tax advisor about the possibility of a tax deferral.

5. Emergency aid meassures for small and medium-sized enterprises (Soforthilfe V)

The application for the repayment grant is online.

Information on the Soforthilfe V for small and medium-sized enterprises as well as freelancers in the commercial sector with more than 10 and up to 100 employees can be found here (in German).

6. Kfw-Schnellkredit 2020 (Kfw Quick Loan 2020) for companies with more than 10 employees

For purchases (investments) and running costs (working funds), medium-sized enterprises with more than ten employees that have been on the market at least since January 2019 can apply for the new "KfW-Schnellkredit 2020" from their house bank. Further information on the KfW website (in German).

7. Temporary support by the Federal Government

The temporary support of the Federal Government is aimed at solo self-employed persons, self-employed members of the liberal professions in their main occupation as well as small and medium-sized Berlin companies. The temporary support includes grants for the months of June, July and August 2020. Applications can only be submitted via tax consultants and auditors.

Further information is available on the websites of the Federal Government.

8. 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).

9. Grant program of the State of Berlin for non-profit organizations & associations (Soforthilfe X)

Non-profit organizations and associations whose existence is financially threatened by the Corona crisis can receive grants of up to 20,000 EUR as emergency aid.

Applications can be submitted from 1 to 25 October 2020 on the IBB website.

Further general information can be found here: