ERP Bremen Promotional Loan for SMEs (ERP-BFK SMEs)
Favorable loan of up to €5 million for small and medium-sized enterprises in the state of Bremen to finance investments and working capital. Six months without commitment fees. Applications can be submitted at any time before the start of the measure through the house bank.
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Grant criteria
Funding objective
Long-term financing of investments and working capital for small and medium-sized enterprises in the state of Bremen, utilizing subsidized KfW funds with additional interest rate concessions.
Eligible expenses
- Acquisition of land and buildings
- Construction measures
- Purchase of machinery, equipment, and furnishings
- Working capital financing
- Procurement and replenishment of material, goods, or spare parts inventory
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Non-eligible expenses
- Refinancing or additional financing of already completed projects
- Follow-up financing and extensions
Eligible to apply
- Companies
Funding requirements
- Natural persons
- Legal entities majority-owned privately
- Legal partnerships
- Compliance with the EU SME definition
- Investments in the state of Bremen
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Documents required for application
- Application forms of the Bremer Aufbau-Bank
Evaluation criteria
- Compliance with the EU SME definition
- Investment location State of Bremen
- Sustainability aspects of the project
Description
The ERP Bremen Promotional Loan for SMEs (ERP-BFK SME) offers small and medium-sized enterprises in the state of Bremen the opportunity to finance investments and working capital on a long-term basis. Through their house bank, a loan of up to €5 million can be applied for, covering 100% of eligible expenses. No commitment fee is charged for six months, and the interest conditions are further optimized through an additional discount compared to the KfW framework conditions. Eligible expenses include, among others, the acquisition of land and buildings, construction measures, the purchase of machinery, equipment, and furnishings, working capital financing, the expansion of material, goods, or spare parts inventories, as well as the takeover of existing companies or active participations. The term extends up to 240 months, with a fixed interest rate possible for a maximum of ten years.
Funding is provided to natural persons, majority privately owned legal entities, and legal partnerships with legal capacity that meet the EU SME definition and plan investments within the state of Bremen. Project proposals must demonstrate the prospect of sustainable economic success; refinancing, follow-up financing of already completed projects, or subsequent financing are excluded. Evaluation criteria include, in addition to compliance with the SME definition, particularly the investment location in the state of Bremen and sustainability aspects of the project. Applications can be submitted at any time before the start of measures through the lending institution using the application forms of Bremer Aufbau-Bank GmbH. By combining discounted KfW funds with regional support, BAB promotes the competitiveness and innovative strength of both young and established companies, thereby contributing to strengthening the economic structure in Bremen and Bremerhaven.
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