IB.SH Schleswig-Holstein Loan with Liability Exemption
Low-interest loan of €1–5 million for medium- and long-term financing needs in Schleswig-Holstein with 50% liability exemption and digital processing via the IB.SH house banks portal.
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Grant criteria
Funding objective
Provision of low-interest refinancing funds to cover a medium- to long-term financing requirement of €1 to €5 million for companies, municipal-affiliated entities, freelancers, non-profit organizations, and agricultural enterprises in Schleswig-Holstein – combined with a 50% liability waiver by IB.SH to sustainably create and secure jobs.
Eligible expenses
- Working capital financing
- Inventory financing
- Business acquisitions
- Investment financing
Non-eligible expenses
- Debt restructuring
- Follow-up financing of already completed projects
- Subsequent financing and repayment of bank liabilities
- Loans to credit institutions, financial service providers, insurance and real estate brokers, management consultancies, shadow banks
Eligible to apply
- Companies
- Founders
- Non-profit Organizations
Funding requirements
- Company headquarters or investment activity in Schleswig-Holstein
- Minimum loan amount €1 million up to a maximum of €5 million per project
- Company size according to EU definition (SMEs up to 250 employees/€50 million turnover) or medium-sized up to 1,500 full-time equivalents/€500 million turnover
- Start-ups active for at least 2 full fiscal years
Documents required for application
- Financing plan
- Annual financial statements for the last two years
- Proof of company headquarters/investment project
- Overview of existing collateral
Evaluation criteria
- Job security impact
- Creditworthiness of the applicant
- Sustainability aspects of the project
Description
The IB.SH Schleswig-Holstein Loan with Liability Exemption is aimed at companies, start-ups, non-profit organizations, as well as agricultural enterprises with headquarters or investment projects in Schleswig-Holstein. Loan amounts between €1 million and €5 million can be applied for digitally via the IB.SH house bank portal. The funding covers medium- to long-term financing needs and includes working capital, inventory, investment financing, and business acquisitions. Through a 50% liability exemption granted by the Investitionsbank Schleswig-Holstein, collateral requirements are eased and interest benefits are passed directly on to the end borrowers. Terms range from 36 to 240 months, with grace periods on repayments possible depending on the term. Application documents include financing plans, proof of company location and existing collateral, as well as financial statements for the last two fiscal years.
IB.SH provides the low-interest refinancing funds without a fixed deadline, thereby promoting the sustainable creation and preservation of jobs in rural areas. Eligible for funding are small and medium-sized enterprises (up to 250 employees/€50 million turnover), medium-sized companies (up to 1,500 full-time equivalents/€500 million turnover), municipally affiliated companies, freelancers, and start-ups with at least two years of business activity. Creditworthiness, job security impact, and sustainability aspects of the project are considered in the funding decision. Refinancing, follow-up financing, and loans to financial service providers, insurance and real estate brokers, as well as management consultancies, are excluded. Through cooperation between the house bank and IB.SH, flexibility in terms and collateralization is maintained to enable tailored financing solutions for projects in Schleswig-Holstein.
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