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ARTICLE · 30 APRIL 2020

Further Protection Measures For The German Mittelstand

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Most of German businesses are part of the so called "German Mittelstand", i.e. qualify as privately and family owned small or medium sized enterprises.

GermanyCoronavirus (COVID-19)
Tina Hoffmann
Tina Hoffmann
Dr. Marco Wilhelm
Dr. Marco Wilhelm
Stefanie Skoruppa
Stefanie Skoruppa
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Most of German businesses are part of the so called "German Mittelstand", i.e. qualify as privately and family owned small or medium sized enterprises. To protect these enterprises from the effects of the ongoing COVID-19 pandemic, the German Federal Government has already established several measurements, in particular such to provide companies with liquidity. In this context, the German Federal Government, together with KfW, a German state-owned development bank, established special programs intended to provide companies with easier access to loans for investments, operating equipment, etc. by assuming up to 90% of the risk for small and medium sized enterprises. However, only a few weeks into these programs, many enterprises complained that their house banks were unable or unwilling to take the remaining risk.

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