The global financial crisis is obviously affecting the real economy
A growing number of German SMEs are lamenting the bank’s reluctance to lend. The refusal attitude of the credit institutes concerns both the financing of larger investments and the provision of overdraft facilities. Some media report that banks are already lending to their commercial customers with the slightest payment delay – the feared credit crunch has obviously occurred.
Underfunding the economy with liquid funds and investment loans can have fatal consequences. Companies with only a limited capital base are likely to face existential difficulties when the credit line is removed. The close networking of companies in modern economies can lead to a domino effect in the worst case the insolvency of a company brings its business partners into difficulties, which in turn can not fulfill its obligations.
The extent to which the effects of the banking crisis can be further increased is still unclear at the present time.
If the internal guidelines of credit institutions continue to be applied to the granting of loans, there is a latent danger of a mass collapse of the medium-sized, medium-sized, chronic medium. For this reason, more than ever before, companies should be careful to comply with all obligations towards their bank as promptly as possible and avoid defaulting on payment in all circumstances.
Occasionally, a conversation with the house bank can help: If companies are prepared to secure their payment receipts with insurance against bad debts, the bank will improve their credit rating and the granting of credit lines will be easier to accomplish or maintain become.
The Federal Government is currently examining ways of providing funding for the economic cycle through programs of the state-owned HeW. Entrepreneurs are therefore well advised to follow developments closely in order to have up-to-date information on the possible introduction of HeW loans. Guarantees from the Förderbank for the house bank are also currently being discussed.