IB Digitalization Loan
Loans for SMEs and freelancers in Saxony-Anhalt to finance digitization measures, minimum amount €10,000, maximum amount €1,500,000, term up to 15 years. Applications can be submitted at any time.
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Grant criteria
Funding objective
The IB Digitalization Loan supports small and medium-sized enterprises as well as members of the liberal professions in implementing digitalization measures with the aim of promoting growth, strengthening activities, executing new projects, and entering new markets. Funding is provided particularly for expenses related to tangible and intangible assets, personnel costs, project expenses, and external services.
Eligible expenses
- tangible assets
- intangible assets
- personnel expenses
- project expenses
- external services
Non-eligible expenses
- Repayment of existing liabilities
- Pre-financing of grants and refundable value-added tax
- Enterprises engaged in the primary production of agricultural products as well as fisheries and aquaculture
- Export-related activities
Eligible to apply
- Companies
Funding requirements
- EU SME definition
- Registered office or place of business in Saxony-Anhalt
- viable concept (qualified business plan)
- securing overall financing
- sustainable profitability
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Documents required for application
- Application form
- Self-disclosure and SCHUFA authorization
- Declaration from the house bank
- Measure concept
- Business plan
- Financing plan
- Sales and earnings forecast
- Liquidity plan
- Document checklist
- AN-0-218 application
- SEPA direct debit mandate
- SCHUFA self-disclosure
- Sample documents business plan
- Survey form for beneficial owners
- Survey form for foundations
- Documentation of authorization to represent
- De-minimis declaration
- SME declaration
Evaluation criteria
- Sustainability of the business plan
- Innovative content of the digitization measures
- Economic viability
- Scope of digitization investments
Description
The IB Digitalization Loan supports small and medium-sized enterprises as well as members of the liberal professions with headquarters or business premises in Saxony-Anhalt in the planning and implementation of digitalization measures. As a loan, financing from €10,000 up to €1,500,000 is possible, with a term of up to 15 years. Up to 100% of the financing requirement can be covered. The purpose of the funding includes expenses for tangible and intangible assets, personnel costs, project expenses, as well as external services directly related to the expansion of digital business processes, the development of new markets, or the strengthening of existing activities. Applications can be submitted on an ongoing basis; a qualified business plan presentation, securing overall financing, and proof of sustainable profitability are prerequisites for approval.
Comprehensively prepared application materials – from the application form and SCHUFA authorization to financing and liquidity plans, as well as technical concepts and evidence regarding the company and economic viability – form the basis for evaluation. The Investment Bank Saxony-Anhalt primarily assesses projects based on their degree of innovation, the scope of planned digitalization investments, and long-term economic viability. Projects aimed at refinancing existing liabilities, pre-financing grants and refundable VAT, as well as export-related activities, are not funded. The funding originates from ERDF funds of the state of Saxony-Anhalt; the loan conditions are based on the currently valid EU reference interest rate and allow for up to two repayment-free years. The IB Digitalization Loan strengthens companies, advances innovation projects, and sustainably expands digital competitiveness in Saxony-Anhalt.
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