{"id":15776,"date":"2020-03-31T10:38:33","date_gmt":"2020-03-31T10:38:33","guid":{"rendered":"https:\/\/www.ncf.de\/?p=15776"},"modified":"2024-05-29T16:06:46","modified_gmt":"2024-05-29T16:06:46","slug":"financing-in-times-of-the-coronavirus","status":"publish","type":"post","link":"https:\/\/www.ncf.de\/en\/financing-in-times-of-the-coronavirus\/","title":{"rendered":"Financing in times of the Coronavirus"},"content":{"rendered":"
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Financing in times of the Coronavirus<\/h1>\n
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Financing in times of coronavirus<\/p>\n

The current situation is serious for all companies. Cash is king and enough liquidity is essential. Many corporates have already planned or implemented first immediate measures, especially<\/p>\n

\u25ba Secure existing credit lines, defer tax payments & work short time (Kurzarbeit)<\/p>\n

Despite unlimited political support, there is still no direct liquidity support for mid-sized corporates with more than 50 employees. They rely completely on extensive liquidity loan facilities from state banks (KfW, L-Bank, etc.) channelled via their house banks.<\/p>\n

This path takes time, should be well prepared and an immediate start is highly recommended!<\/p>\n

Here are our practical tips:<\/p>\n

1) Current state analysis<\/p>\n

What effects does the current crisis have on the company: – Order situation
\n– Supply chain\/raw material supply
\n– Production (sick leave)<\/p>\n

– Initial estimate of the financial impact (turnover\/result) – First countermeasures from management<\/p>\n

\u25ba Short thematic presentation useful for financiers to speed up the process 2) Liquidity plan<\/p>\n

– Implementation of a revolving 13-week liquidity forecast – Analysis of resulting liquidity bottlenecks<\/p>\n

\u25ba Proposed solutions considering existing financing agreements, which need to be examined 3) Coordination with the house bank<\/p>\n

Discussion of the solutions required
\n– Liquidity loans (KfW, L-Bank etc.)
\n– Equity support from the federal government (only for larger corporates) – Deferral of existing loan obligations (voluntary\/statutory)
\n– Examination of alternative liquidity instruments (factoring etc.)
\n– Simulation of covenant tests (check add-backs\/normalizations etc.)<\/p>\n

\u25ba Initial contact with house bank, negotiation and conclusion 4) Implementation<\/p>\n

– Immediate application for the necessary measures
\n– Identification and approach to alternative financing providers – Application for further direct aid as soon as available<\/p>\n

Rapid and decisive action is needed. We will gladly support you!<\/p>\n<\/div>\n<\/div>\n

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Your Network Corporate Finance Debt Advisory Team<\/p>\n<\/div>\n<\/div>\n

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Dietrich Stoltenburg d.stoltenburg@ncf.de +49 176 2345 7709<\/p>\n<\/div>\n

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Sven Voigt s.voigt@ncf.de +49 172 2800 828<\/p>\n<\/div>\n

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Nicolas Rusch n.rusch@ncf.de +49 172 2015 02<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":4,"featured_media":20153,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[238],"tags":[200],"class_list":["post-15776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-finanzen"],"_links":{"self":[{"href":"https:\/\/www.ncf.de\/en\/wp-json\/wp\/v2\/posts\/15776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ncf.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ncf.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ncf.de\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ncf.de\/en\/wp-json\/wp\/v2\/comments?post=15776"}],"version-history":[{"count":2,"href":"https:\/\/www.ncf.de\/en\/wp-json\/wp\/v2\/posts\/15776\/revisions"}],"predecessor-version":[{"id":20154,"href":"https:\/\/www.ncf.de\/en\/wp-json\/wp\/v2\/posts\/15776\/revisions\/20154"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ncf.de\/en\/wp-json\/wp\/v2\/media\/20153"}],"wp:attachment":[{"href":"https:\/\/www.ncf.de\/en\/wp-json\/wp\/v2\/media?parent=15776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ncf.de\/en\/wp-json\/wp\/v2\/categories?post=15776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ncf.de\/en\/wp-json\/wp\/v2\/tags?post=15776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}