IB Mezzanine Loan for SMEs (Saxony-Anhalt MUT)
The Investment Bank of Saxony-Anhalt grants mezzanine loans of up to €1.5 million with terms of up to 15 years (including 5 years repayment-free) to small and medium-sized enterprises, freelancers, and start-ups in Saxony-Anhalt. Applications can be submitted at any time.
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Grant criteria
Funding objective
With the IB mezzanine loan for SMEs, the Investment Bank of Saxony-Anhalt supports small and medium-sized enterprises, founders, and freelancers with investments, order pre-financing, working capital requirements, and market development measures until sufficient revenues are generated for debt service.
Eligible expenses
- Investments
- Contract pre-financing
- Operating resources/expenses
- Expenses for market development and market launch
Non-eligible expenses
- Repayment of existing liabilities
- Pre-financing of refundable VAT
- Primary production of agricultural products
- Export-related activities
Eligible to apply
- Companies
- Founders
Funding requirements
- EU SME definition
- Registered office or place of business in Saxony-Anhalt
- Sustainable profitability and secured overall financing
- Economic capability to fulfill the contract
Documents required for application
- Application AN-0-094
- Document Checklist MUT/IMPULS
- MUT Information Sheet
- Award Principles for Mezzanine Loans
- Terms and Conditions of the Investment Bank
- FAQ MUT
- Questionnaire on Beneficial Owners
- SME Declaration
- De-minimis Declaration
- Declaration from the House Bank
- Sample Documents Business Plan
Evaluation criteria
- Economic viability and sustainability
- Innovation and growth potential
- Qualification of management
Description
The Investment Bank of Saxony-Anhalt (IB) offers the IB Mezzanine Loan for SMEs, a flexible debt instrument that provides additional financing options particularly for small and medium-sized enterprises, freelancers, and start-ups in Saxony-Anhalt. Up to €1.5 million can be provided as mezzanine loans—with terms of up to 15 years and an initial grace period of five years without repayments. The program enables full coverage of the financing requirement (funding rate: 100%) and supports investments in buildings, machinery, and business premises, order pre-financing, working capital, as well as market development measures. The IB reviews applications on an ongoing basis; funding is possible at any time, provided the company meets the EU SME definition and is located in Saxony-Anhalt.
For the application, in addition to the application form AN-0-094, various documents such as a business plan template, de minimis declaration, bank statement, and questionnaire on the beneficial owner must be submitted. The IB grants loans under market-standard conditions, with interest rates and fixed interest periods determined by the rating class. Sustainable profitability, secured overall financing, and economic viability must be demonstrated. The allocation is carried out on a private law basis; collateral is usually provided through personal guarantees from the shareholders. The objectives of the funding program are to strengthen the capital structure, open up new markets, and ensure sufficient revenues for debt service. Interested companies and founders can obtain detailed information sheets and application documents from the Investment Bank of Saxony-Anhalt.