IB Cooperation Loan for SMEs (IB Together)
The IB cooperation loan for medium-sized commercial and municipal enterprises in Saxony-Anhalt for the financing of investments and pre-financing. Term up to 15 years, loan volume €1 – 10 million. Applications can be submitted at any time through the commercial bank.
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Grant criteria
Funding objective
Consortium financing of investments by commercial and municipal enterprises in Saxony-Anhalt in cooperation with commercial banks, particularly for order and pre-financing, operating expenses, acquisition of active participations, and refinancing.
Eligible expenses
- Order pre-financing / order security
- Operating expenses
- Investments in fixed assets
- Refinancing of existing loans
- Pre-financing of allowances and grants
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Eligible to apply
- Companies
Funding requirements
- Company headquarters or place of business in Saxony-Anhalt
- Classification in OSGV rating class 6
- Co-financing by at least one commercial bank
- Equity capital in an appropriate amount
- Securing overall financing
Documents required for application
- Project application via commercial bank
- Survey form for beneficial owners (LP-0-005)
- Survey form for foundations (LP-0-006)
- Documentation of authorization to represent (VO-0-004)
Description
The IB Cooperation Loan for SMEs in Saxony-Anhalt is aimed at existing commercial and municipal companies with their headquarters or operations in the region that are planning major investment projects or pre-financing. In close partnership with one or more commercial banks, the Investment Bank Saxony-Anhalt assumes up to 50% of the financing requirement in the form of a loan or guarantee credit. The term is up to 15 years, with a usual minimum amount of €1 million and a maximum volume of €10 million. The program thus supports, among other things, order pre-financing, the acquisition of active participations, the refinancing of existing loans, and the pre-financing of grants.
Eligible expenses include working capital, investments in fixed assets, or collateral for orders. A prerequisite for funding, in addition to compliance with the OSGV rating class 6, is co-financing by at least one commercial bank, securing the overall financing, and an appropriate equity contribution. Applications can be submitted informally at any time via the partner bank, with basic documents regarding legitimacy, beneficial ownership, and authorization to represent required. Due to the consortium structure, companies benefit from market-standard conditions, full disbursement upon fulfillment of all requirements, and equal risk position coverage. This loan offer specifically promotes sustainable growth and strengthens the competitiveness of SMEs in Saxony-Anhalt.
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