{"id":4624,"date":"2023-03-20T06:21:53","date_gmt":"2023-03-20T06:21:53","guid":{"rendered":"https:\/\/ugr74.ru\/?p=4624"},"modified":"2023-05-04T13:40:20","modified_gmt":"2023-05-04T13:40:20","slug":"corona-aid-fund-guarantee-awards-responsibilities","status":"publish","type":"post","link":"https:\/\/ugr74.ru\/corona-aid-fund-guarantee-awards-responsibilities.html","title":{"rendered":"Corona aid fund guarantee awards: responsibilities and guidelines"},"content":{"rendered":"

Since the outbreak of the corona pandemic, measures have been taken worldwide to contain the disease. Many companies have suffered severe financial losses. To minimize the damage, Germany has established a Corona Relief Fund. This allows companies to apply for loans and guarantees.<\/p>\n

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Because demand for financial assistance is high, it is critical that guarantees are awarded effectively and equitably. This article examines the responsibilities and guidelines for issuing guarantees from the Corona Assistance Fund.<\/p>\n

It is important to understand who is responsible for guarantee decisions. The fund is managed by the state bank KfW. It is the central issuing agency and works closely with the house banks to ensure that guarantees are issued to businesses that need them most urgently. However, the house banks ultimately decide on the loan and guarantee applications of the companies.<\/p>\n

In order to receive a guarantee, companies must meet certain criteria. A key criterion is a plausible prospect of economic recovery. Here, the company is required to submit a realistic forecast of a successful economic resumption in the future business development. It is therefore important that companies carefully plan their finances and prospects in order to obtain a positive decision.<\/p>\n

Issuing guarantees from the Corona Assistance Fund is a complex process that involves balancing the needs of businesses with available resources. The purpose of this article is to provide insight into the guidelines and responsibilities in order to make the decision-making process more transparent and to help companies apply for guarantees.<\/p>\n

The Corona aid fund: guidelines for issuing guarantees<\/h2>\n

In response to the economic impact of the COVID-19 pandemic, the German government has established a Corona Aid Fund. The fund is intended to provide financial assistance to companies and self-employed persons affected by the pandemic.<\/p>\n

Under the relief fund, companies and self-employed individuals can apply for guarantees to improve their liquidity and maintain their operations. However, certain guidelines and requirements for guaranteeing apply.<\/p>\n