Pre-financing of corona short time working

26.126 companies have made an application for short time working since mid of March. Only 6.641 of these requests have been approved.

Many of them need to be adapted – therefore, the approval from the Unemployment Agency will be further delayed for most of the establishments.

In order to ease the “pre-payment” of the salaries for companies, banks have promised to provide financing possibilities, even prior to having an approval from the Unemployment Agency. In order to receive this, following is needed:

  • The confirmation from Unemployment Agency on the receipt of application for short time working
  • The Social Partner Agreement, which has been provided as well
  • Information on payroll

If you need assistance in filling out the applications or require the information on payroll in order to receive the financing from the banks, we are happy to support you!

Do you have questions about this or similar topics? We are happy to be there for you! 

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