The corona pandemic affects numerous companies in Germany. Aid programs have already been announced by the federal and state governments. New financial aid has been added. Who can apply for help and who should be contacted? We provide a compact overview of the latest instruments of the German government.

The financial aid provided by the German government is being supplemented and currently, as of November 2020, consists of three major expansions.

There is extraordinary economic aid for the self-employed and companies. The federal government supports companies, self-employed persons, solo self-employed persons and institutions affected by the current temporary closure.

• One-off payment
• Companies with up to 50 employees- Support for young companies founded after November 2019
• Refund amount 75% of the average weekly sales from November 2019
• Larger companies according to EU ceilings

In addition, there is bridging assistance for small and medium-sized enterprises as well as solo self-employed persons. For those affected who have had to completely cease business operations due to the Corona pandemic or have had to shut down their business significantly. Grants are paid as Bridging Assistance II, the support was extended from September to December 2020 and the conditions were improved. This is a grant program with a total duration of three months with a maximum subsidy of 150,000 euros. The digital application is made by tax consultants or auditors.

The KfW's fast loans are now also available for companies with fewer than 10 employees. A KfW fast loan is available for small companies with less than 10 employees and for solo self-employed persons.