IB.SH Microcredit
Low-interest loan from €3,000 to €25,000 for start-ups, takeovers, and consolidation projects in Schleswig-Holstein.
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Grant criteria
Funding objective
The state of Schleswig-Holstein supports the establishment and consolidation of companies. Funding is provided for start-ups, takeovers, and consolidation projects within the first 5 years after founding.
Eligible expenses
- Investments
- Operating resources
Non-eligible expenses
- Repayment of existing bank liabilities
- Repayment of shareholder loans
Eligible to apply
- Companies
- Founders
Funding requirements
- New business formation, takeover or consolidation in Schleswig-Holstein
- Business commencement no longer than 5 years ago
- Full-time operation by the 2nd fiscal year at the latest
- Required commercial and professional qualifications
- No unresolved negative entries in the Schufa credit report
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Documents required for application
- Consultation certificate from cooperation partner
- Application documents via customer portal
- Founding concept
- Sample organizational chart
- PEP attachment
- Data protection information
- Schufa information
Evaluation criteria
- Economic success and job creation
- Sustainability of the project
- Professional and commercial qualification
Description
The IB.SH Microcredit offers start-up, takeover, and consolidation projects in Schleswig-Holstein a low-interest loan ranging from €3,000 to €25,000. Applicants are natural persons and small enterprises with up to three partners, whose business activity has not exceeded five years and who are fully employed no later than in the second full fiscal year. The funding is provided 100% as a loan with a term of 84 months and a twelve-month repayment-free period. Eligible expenses include investments and working capital, while refinancing of existing bank or shareholder loans is excluded. Evaluation criteria include economic success with job creation, the sustainability of the project, as well as the professional and commercial qualifications of the participants.
A consultation with an IB.SH cooperation partner is required prior to application. Submission is done digitally via the IB.SH customer portal, where all necessary documents such as proof of consultation, business plan, sample organizational chart, PEP attachment, and credit report are provided. The IB.SH Microcredit can be granted up to twice per project, provided the total loan amount does not exceed €25,000. As a central state institution, the Investment Bank Schleswig-Holstein supports the creation and safeguarding of jobs in the true north with this instrument. Applications can be submitted at any time, enabling founders and young companies to plan and implement their financing flexibly.
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