Financing for the middle class in the crisis to the enterprise renovation
The worldwide financial crisis of the banks brings more and more effects in the real economy. The grant of credit practise of the banks was considerably complicated and is often accompanied by loan notices. This overthrows in particular small business not seldom in a crisis, so that action and renovation need can originate. Even the large-scale industry reports financing problems: Thus airbus / EADS let know that her worldwide customers would have increasingly problems by the financing of airplanes which airplanes itself new on the order can knead by airbus. The even small savings banks who must hold out now proportionately for the losses, e.g., of the state banks were led to the edge of a "loan clip".
The overcoming and Abkoppelung of this financial crisis and bank crisis is a topical mental scenario and action scenario in many small and medium-sized companies. A reorientation and possible renovation of enterprise in the crisis decides on growth, jobs and personal destinies of enterprisers and employees of the same masses. Often concepts are necessary to the enterprise renovation and procurement of new capital to avoid a shutdown, an investment traffic jam or a menacing insolvency or to turn away.
The procurement of capital independent of bank as a way out from a temporary financing crisis, possible conversions of debts, Umfinanzierungen, loan and advance separations without another bank as well as the return / abolition of guarantee obligations and the release of pledged economic goods / to resigned demands for the purpose of Umfinanzierung and company capital structure optimisation are, besides, important future-supporting measures for an enterprise in the crisis. The causation of decisions to diminish obligations (headword: Overextension remove) and the procurement of new liquidity (headword: Insolvency remove) must be immediately managed.
On account of the present reserved loan financing readiness of the banks and with isolated loan notices (a row of enterprise fall by advance notices in the crisis) more and more enterprises and production companies just before the background of the worldwide financial crisis must raise her company capital and her liquidity with private investment capital or with mezzaninen financing instruments (e.g., pleasure right capital and quiet investment capital or enterprise loans). Only in this manner an in-plant liquidity bottleneck or even a due finance restructuring or a renovation of the small business can be reached regardless of the banks. Of happy manner there is a number of institutional sponsors and holding companies who have specialised in particular in the renovation of companies and supply to the Mittelständler with suitable reworking of the commercial model and good future perspective new liquidity.
The improvement of the capitalisation structure of the enterprise is uncomplicated possible by accompanying measures first also without supply of fresh liquidity. With alterations of contract often simply to be carried out considerable improvements of the balance and capital structure of an enterprise can be reached in the crisis. Such a strengthening of the company capital and with it the removal of a financing crisis is possible for every enterprise with a so-called "Debt-Equity-Swap". The concept "Debt-Equity-Swap" calls the change of obligations ("Debt") in company capital ("Equity") and is a measure of the conversion of debts without bank and at the same time an act of the balance optimisation. By suitable arrangements balance-juridical debts become company capital. Obligations are able in full shares (e.g., Ltd-family shares or shares) as well as in mezzanine financing forms (e.g. Pleasure rights and quiet participation) are converted.
The change of debts in company capital is suited, e.g., for existing companion's advances, but also for all the other obligations towards beyond the enterprise standing third (e.g., the change of supplier's obligations). With even more critical financing bottlenecks a renovation comparison with partial demand renunciation of the believers can be caused, perhaps.
No matter which obligation should be converted into company capital, besides, above all the so-called Debt-Equity-Swap of obligations offers in Mezzanine capital. This relieves the balance of debts and optimises the capital structure. If, for example, already a companion's advance was granted, this outside capital can be converted by means of a Debt-Equity-Swaps to book values in bilanzielles company capital. Besides, the Umwidmung of obligations of all kind is regularly especially adequate to interest in quiet investment capital and pleasure right capital and, e.g., with companion's advance any time without intercalation of people foreign to enterprise, is possible without claim of the capital market and nearly without expenditure. In this manner the insolvency reason of the overextension of the enterprise can be removed fast and the insolvency application duty with the three-week term is cancelled.
The Umfinanzierung of bank loan can also be a salutary measure for the improvement of the financing situation of an enterprise without or with lower loan obligations and with new private capital. On this the enterprise successive entschuldet can become. Finally, the enterpriser becomes by this financing restructuring and personally enthaften.
If an enterprise is in the crisis and can see „light at the end of the tunnel“ – is in a Turnaround phase – a procurement of capital of the participation market is also possible. Also crisis enterprises receive risk capital for the financing of the Turnarounds.