The amount being made available for the Coronavirus Bridging Loan (COL) has been increased to € 200 million from an initial amount of € 150 million. The purpose of the COL is to improve the liquidity position of innovative companies. Companies that are eligible for the COL can take advantage of the scheme until the end of September.
Coronavirus loans and guarantees for entrepreneurs
The extension to the end of September also applies to other loans and loan guarantees for entrepreneurs. This relates to the coronavirus modules of the government-guaranteed scheme for loans to SMEs (BMKB) and Corporate Finance Guarantee Scheme (GO), the new Small Loans Coronavirus Guarantee Scheme (KKC) and the budget for the SEED Capital scheme.