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Loan programme with 100 million euros for companies

Stephan Schwarz

Berlin's Senator for Economics Stephan Schwarz

In light of the energy crisis, the Senate has decided on a loan programme for Berlin's economy with a volume of 100 million euros.

This was announced by Economics Senator Stephan Schwarz (no party affiliation) on Tuesday after the Senate meeting. It is intended to support companies, self-employed persons and freelancers who are running out of money because of the increased energy costs and who have their backs to the wall economically. The aim of the "Liquidity Assistance Energy" programme is to help them bridge the crisis situation, Schwarz said.

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Loans of up to one million euros

According to the economic administration, the loans of up to one million euros are usually repayable within five years at a concessionary interest rate. Of these, two years can be repayment-free. A prerequisite for a corresponding application is proof that energy costs have at least doubled between 2021 and 2022. Eligible applicants must also have been on the market for more than three years and have a place of business in Berlin.

Author: dpa/
Publication date: 18 October 2022
Last updated: 18 October 2022

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