To date, farmers and foresters affected by the quarantine crisis can apply for liquidity assistance at Rentenbank.
With the support of the Federal Ministry of Agriculture, Agricultural Rentenbank from April 16 will offer loans secured by liquidity, which are combined with a guarantee. The program is intended for companies in agriculture, including winemaking and horticulture, forestry, fisheries and aquaculture, which suffer from the effects of the coronavirus pandemic and do not have sufficient guarantees.
German stores sell about 300 types of bread.
Loans in the amount of up to 3 million euros are offered. In small and medium enterprises they can be guaranteed up to 90% of the loan amount, in large companies - up to 80%.
“Now it is important that economically fundamentally healthy companies survive the crisis. The guarantee program is extremely important in order to quickly provide companies with liquidity, even if they cannot provide sufficient security for a regular bank loan. ”“Said Horst Reinhardt, a spokesman for Rentenbank.
- Only now the consequences of the past hot summer in Germany are felt. Lower incomes and higher costs due to high heat are the main reasons for the growth of bankruptcy among German farmers.
- Compared to 2018, German pork exports to third countries increased significantly in the first five months of this year, an increase of 17%.
- Berlin. In the fight against the spread of the pandemic in Germany, the federal Ministry of the Interior ordered the ban on seasonal workers.
