The COVID-19 crisis poses enormous challenges for many companies. Collapse of supply chains, production stops, and slumps in demand combined with a largely constant burden of fixed costs lead to considerable liquidity problems for most companies. In recent weeks, elected officials in Germany, as elsewhere, have announced and swiftly implemented a range of aid packages. Financial assistance is being provided at both the state and federal levels and from various sources of finance. The following summary provides companies with an overview of the major direct state financial aid available in Germany.