ELR Combined Loan
ELR combination loan in Baden-Württemberg for companies with up to 100 employees: financing of remaining investment costs after an ELR grant up to €5 million. Applications can be submitted at any time through the house bank.
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Grant criteria
Funding objective
Funding of private-commercial investment projects in rural areas that have already received an ELR grant, to cover the remaining financing needs.
Eligible expenses
- Purchase of operational land
- Purchase of buildings
- Construction measures (new construction, conversion, renovation, modernization)
- Machinery and operational equipment
- Operating resources and inventory
Non-eligible expenses
- Residential economic projects
- Debt restructuring
- Follow-up financing of already started projects
- Rehabilitation cases
- Silent partnerships
Eligible to apply
- Companies
Funding requirements
- Receipt of an ELR grant for the project
- Companies with fewer than 100 employees (SMEs)
- Headquarters or place of business in Baden-Württemberg
- Commercial or freelance activity
- Professionally and commercially qualified (for natural persons)
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Documents required for application
- Loan Program Application Form
- Project Description
- Financing Plan
- Proof of ELR Grant
- Proof of SME Status
- If applicable, De-minimis Declaration
Evaluation criteria
- Creditworthiness and Collateral
- Project Implementation in the ELR Program
- Significance for Rural Areas
Description
Companies with up to 100 employees in the rural areas of Baden-Württemberg are offered a flexible financing solution with the ELR combination loan, which seamlessly complements already approved grants from the Rural Development Program (ELR). Within the framework of this low-interest promotional loan, up to 100% of the eligible investment costs are covered – ranging from the purchase of business premises to the acquisition and modernization of buildings, as well as machinery, operational equipment, working capital, and inventory. The maximum funding limit is €5 million. The program is equally aimed at young companies (up to five years of market activity) and established businesses, which can benefit from a higher interest bonus or simplified guarantee regulations. Applications are submitted directly through the house bank, which forwards the loan request to L-Bank. An early review of all state aid requirements – especially regarding SME status and the receipt of the ELR grant – ensures a smooth process.
The financing framework can be used flexibly in combination with other funding, provided that the total amount of funding does not exceed the eligible costs and EU aid ceilings are observed. In addition to classic forms of security, depending on creditworthiness and available collateral, a combination guarantee of up to 50% of the loan amount is available. Integrated into the house bank procedure, this financing instrument enables sustainable investment and expansion planning for private commercial enterprises and agricultural businesses in rural areas. Detailed program documents and required application forms are available from L-Bank, so that all necessary information is prepared in advance of the consultation appointment.
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