ERDF Microloan
Affordable loan for founders, small businesses, and freelancers in the state of Bremen to finance start-ups and business development. Term up to 8 years, repayment-free for up to 2 years.
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Grant criteria
Funding objective
Financing of investments and project-related operating resources for start-ups (0–5 years) and existing small businesses (from 5 years) in the state of Bremen, when traditional bank financing is insufficient or denied.
Eligible expenses
- Investment costs
- Project-related operating resources
Eligible to apply
- Founders
- Companies
- Individuals
Funding requirements
- Registered office, place of business or branch in the state of Bremen
- Application before project commencement
- Sufficient technical and commercial expertise and creditworthiness
- Sustainable economic success potential
- Priority use of other financing and funding options
Evaluation criteria
- Professional and commercial qualification
- Creditworthiness of the applicants
- Sustainable success potential of the project
- Location in the state of Bremen
Description
The ERDF microloan is aimed at founders, small businesses, and freelancers located or operating in the state of Bremen who have a limited capital requirement for business start-up or development. Over a period of up to 96 months, the Bremer Aufbau-Bank provides a low-interest loan currently at 2.5% p.a. nominal, with up to two repayment-free years possible. Funding is provided for investment costs and project-related operating resources when traditional bank financing is not available due to insufficient equity or collateral. Special repayments can be made at any time free of charge, allowing flexible repayment adapted to business developments.
The maximum funding amount is €100,000 per project, with start-up projects eligible up to five years after establishment and existing companies from five years of age. Conditions for approval include appropriate professional and commercial qualifications of the applicants, sufficient creditworthiness, sustainable economic success potential, and the priority of other financing and funding sources. An application must be submitted before the start of the project; there is no legal entitlement to funding. Selection is based on clearly defined evaluation criteria, including qualifications, creditworthiness, and company location in the state of Bremen. Thus, the program supports future-oriented projects from start-up to business expansion and ensures small enterprises a solid financing perspective.
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