Bank refinancing to promote the Hessian economy

The bank refinancing program to promote the Hessian economy provides credit institutions with low-interest funds to refinance entrepreneurial investment projects of the larger commercial SME sector in Hesse. Both individual and global loans are granted with a refinancing quota of up to 100%. Individual transactions can amount to up to €25 million, while global loans have volumes between €10 million and €50 million. Eligible to apply are all credit institutions operating in Hesse that fully pass on the refinancing advantage generated by WIBank to companies in the commercial sector and members of liberal professions with up to 3,000 employees. Entrepreneurial investment costs are supported, which may also include the purchase of promissory note loans.

For approval, credit institutions must provide economically valuable collateral at least equal to the outstanding balance and pass on the granted refinancing advantage to the end borrowers after deducting a reasonable margin. Proof of use in the form of an occupancy and assignment list must be submitted within six months after the end of disbursement. Interest rates are based on the current interbank market swap rate plus a creditworthiness- and capital market-dependent margin; fixed interest periods between one and ten years are possible. The informal application, which can be submitted by email at any time, can be made at any time, and the disbursement of the committed funds is made via a provided fund drawdown form. With this permanent funding option, WIBank makes a central contribution to stabilizing and strengthening the economy in Hesse.