Financial aid

Financial support is provided by banks and federal states in order to make it easier for small and medium-sized enterprises to adapt to changing market conditions in good time. The financial aid serves to provide companies with a better supply of capital and to facilitate the implementation of investment measures. The different design of the individual funding programs results from the most varied of structural policy objectives that are pursued with the financial aid.

On the other hand, they result from the fact that the funds are granted by several public authorities. Financial aids are generally granted as low-interest loans. The Federal Republic of Germany grants loans for business start-ups, to expand the range of apprenticeships and investment loans through the German Compensation Bank, formerly the Load Compensation Bank and the Kreditanstalt für Wiederaufbau.

In addition, the federal states also provide numerous financial aids. Public-sector loans must be secured as is customary in banks. The applicant's house bank checks the creditworthiness. If it is insufficient, the credit guarantee association of the trade with a guarantee may step in.

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