BAB Microcredit
Microcredit from Bremer Aufbau-Bank (BAB) for start-ups and small businesses in the state of Bremen – loans up to €100,000 with a simplified procedure, term up to 10 years. Applications can be submitted at any time via Starthaus Bremen & Bremerhaven.
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Grant criteria
Funding objective
Promotion of investments and project-related operating resources for start-ups as well as the development, expansion, and stabilization of micro and small enterprises in the state of Bremen.
Eligible expenses
- Investment costs
- project-related operating resources
Eligible to apply
- Companies
- Founders
Funding requirements
- Business location in the state of Bremen
- sufficient expertise and skills
- ensuring proper corporate governance
- expected sustainable economic success
- compliance with the Bremen Minimum Wage Act
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Documents required for application
- Business plan or concept
- additional documents about the funding eligibility (after positive consultation)
Evaluation criteria
- Expertise and skills of the applicants
- Sustainable economic success of the project
- Creditworthiness
Description
The Bremer Aufbau-Bank (BAB) provides, within the framework of the BAB microcredit, a low-interest loan for start-ups as well as micro and small enterprises in the state of Bremen. With a comprehensively simplified application process, financing volumes of up to €100,000 can be covered for investment projects and project-related working capital. The maximum term is 10 years, enabling sustainable planning and repayment periods. The funding is implemented through ongoing loan disbursements via Starthaus Bremen & Bremerhaven and supports both new establishments as well as the further development, expansion, and stabilization of already existing businesses.
Eligible applicants, including natural persons, freelancers, and small enterprises, must prove their business location in the state of Bremen and possess sufficient professional expertise and commercial skills. Essential prerequisites include proper business management, compliance with the Bremen Minimum Wage Act, and the expectation of sustainable economic success. Applicants must not have been in financial difficulties prior to the cutoff date of 31.12.2019 and must primarily exhaust other financing sources. The evaluation particularly considers the professional qualifications of the applicants, the intended creditworthiness, and the potential for long-term economic stability. The basis for the application submission is a meaningful business plan or a comparable concept, supplemented by additional documents following positive initial consultation.
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