Hessen Microloan
Microloans for start-ups and young companies in Hesse ranging from €3,000 to €35,000, with a 7-year term including 12 months without repayments and no customary bank collateral.
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Grant criteria
Funding objective
Closing financing gaps in start-ups, takeovers, and growth or consolidation measures of young companies in Hesse by providing low-interest microloans for investments and working capital.
Eligible expenses
- Investments
- Operating resources
Non-eligible expenses
- Companies in difficulty
- Agriculture, fisheries and aquaculture
- Export-related expenses
- Refinancing or subsequent financing of already completed projects
- Repayment of existing liabilities including shareholder loans
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Eligible to apply
- Founders
- Companies
- Individuals
Funding requirements
- Residence in Germany and company headquarters or project in Hesse
- Full-time self-employment for no longer than five years (exception: secondary occupation)
- Positive SCHUFA report without unresolved negative entries
- No ongoing insolvency proceedings
- No prior receipt of KfW StartGeld for the same project
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Documents required for application
- Application form
- Declaration of received de minimis aid
- Credit report (Schufa)
- Certified notarized debt acknowledgment
- PostIdent procedure
Evaluation criteria
- Prospects of success of the project
- Alignment with sustainability principles
- Technical and commercial qualifications
Description
The Hessen Microloan supports start-ups and young companies in Hesse in closing financing gaps ranging from €3,000 to €35,000. Over a period of up to seven years – including twelve months without repayments – investments and operating resources can be refinanced without the need to provide customary bank securities. Eligible for funding are natural persons, freelancers, and shareholders (without management authority) residing in Germany with their company or project located in Hesse, who are implementing their start-up project as a primary or secondary occupation or who wish to take over, newly establish, or strengthen an existing company within five years of commencing full-time self-employment.
The program’s objective is the provision of low-interest microloans to promote growth and consolidation measures of young companies. Approval requires a positive SCHUFA credit report without unresolved negative entries, no ongoing insolvency proceedings, and proof of a consultation appointment with an official cooperation partner. Furthermore, no KfW StartGeld may have been used for the same project, and the application must be submitted before the project begins. As an SME program, the selection decision is based on the project’s prospects for success, the applicants’ professional and commercial qualifications, and alignment with sustainable principles. Applications are submitted via the Chambers of Industry and Commerce, Chambers of Crafts, or regional economic development agencies in Hesse. The use of funds must be documented within twelve months after disbursement completion using a standardized verification form.
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