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Vienna: The hotlines of the state funding agency Austria Wirtschaftsservice GmbH (aws) received thousands of calls from businessmen in April reporting problems with their internal bank and bureaucracy. That’s what the news magazine reports profile citing confidential weekly aws reports to Finance Minister Gernot Blümel (ÖVP) for calendar weeks 16-18.
During this period (April), more than 5,000 people responded, of which almost 50 percent complained about the difficulties in making loans. About a third complained about the bureaucratic effort to obtain aws bridge guarantees.
Complaints are strong in reports. profile In italics: “Entrepreneurs sometimes feel they are ‘turned over’ to banks; loans are not made despite all prerequisites for an AWS guarantee to be met; loans only with additional security despite a guarantee of 100 % AWS; loans only with additional processing fees; difficulties, the tools provided to use correctly, is only possible for many with the help of tax consultants, “he says among other things.
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“The feedback matches the feedback we have received in the past few weeks from the business community and unfortunately in some cases we still receive it,” said a Blümel spokesperson for the magazine. Even if the loan situation has improved significantly recently, “we expect banks to process bureaucracy quickly and without bureaucracy so that government-guaranteed loans reach companies quickly.”
Franz Rudorfer, Managing Director of the Bundessparte Bank and Insurance of the Chamber of Commerce, referred to the profile on the complexity of guarantee instruments and regulatory requirements. “In general, in some cases this really meant that the desired funding could not be delivered as quickly as expected.” The banking industry is doing everything possible to process applications as quickly as possible.
According to AWS, 8,400 companies have received 1.9 billion euros in loans through the state aid program (AWS guaranteed volume: 1.6 billion). Last week, another 730 applications were processed with a guaranteed volume of 320 million euros. (APA)
