Corona Income Replacement and Emergency Loan: Who Gets Federal Money Now?

Corona Income Replacement and Emergency Loan: Who Gets Money From the Federal Government Now?

The economy already suffered during the first Corona wave. Back then, the federal government provided financial support to many companies. But what is the situation now? The 5 most important questions.

Can companies still apply for short-time work in a simplified way?

The Federal Council wants to continue providing fast and uncomplicated support to employers until the end of December 2020. Companies that need to temporarily reduce their workload can apply for part-time work in a simplified procedure until the end of the year.

However, as of September 1, it will be reapplied maximum approval period reduced work of three months. Anyone with a prior permit must apply again. There is also a new one Maximum subscription period 18 months (instead of twelve).

>>> All current developments of the corona pandemic on the live ticker

In general, employers can apply for a part-time job if they have official measures (Lock) were restricted or due to economic establish (Decrease in sales).

Can You Still Get Emergency Loans?

Those severely affected by the corona pandemic were able to obtain federally guaranteed bridge loans between March 26 and July 31. During this time, around 135,304 loans were requested. Most of the inquiries (17.1%) came from the canton Zürich. The restaurant sector (10.3%) requested emergency loans the most frequently, followed by the construction sector (9.5%) and retail trade (8.7%).

Can currently no emergency loans you can get more. The deadline for Covid-19 bridge loan assistance expired at the end of July (end of August for startups).

What is the situation of the self-employed?

As part of the Covid-19 law, the Federal Council decided not only to lend a hand to companies, but also to the self-employed.

In mid-September the compensation in crown was increased. In certain cases, compensation can also be paid after September 16. Anyone who is in one of the following situations is still entitled to income compensation from Corona:

• parentsthat they cannot work because they have to take care of the children (due to school closings or quarantine).
• If a cantonal doctor or other authority quarantine fix. However, those returning from a risk area are not entitled to compensation for their income (unless the country / region was not on the list at the time of departure). The right to quarantine is ten daily allowances.
• Free-lancers, he I can’t work anymorebecause their activities were significantly interrupted or restricted by order of the authorities (for example, in a bar, club).
• With an arranged Event ban to have Free-lancersThose who provided a service for this event are entitled to a replacement. The allowances cover the days the event should have taken place.

Is the cultural sector still being financially supported?

In addition to applying for short-time work subsidies, cultural companies affected by the corona pandemic based in Switzerland can apply in the respective canton. Loss compensation request.

Compensation is only paid for events or projects that had to be canceled due to the pandemic. In addition, compensation covers a maximum of 80 percent of the financial loss. Applications can be submitted at the offices designated by the cantons until November 30, 2021.

How is support in sport?

A sports aid package with the Covid 19 law was also approved in mid-September. For the years 2020 and 2021 interest-free loans Awarded to professional and semi-professional clubs (for example, soccer, ice hockey, volleyball, or basketball). Support is limited to ten years.

Clubs that cannot repay the money within three years will have to cut employee salaries by one fifth.

All other packages of measures and detailed information can be found on the website of the Secretary of State for the Economy.

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