IB Bridge Financing (Saxony-Anhalt MUT)
Loans for interim financing of grants and public funds for investments in Saxony-Anhalt for start-ups and young SMEs. Applications possible at any time.
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Grant criteria
Funding objective
Bridge financing of grants or other public funds for investments to cover the full financing needs of start-ups and young small and medium-sized enterprises.
Eligible expenses
- Investments
- Bridge financing of grants and public funds
Non-eligible expenses
- Pre-financing of refundable value-added tax
Eligible to apply
- Founders
- Companies
Funding requirements
- Registered office or place of business in Saxony-Anhalt
- EU SME definition
- Overall financing of the project must be secured
- Proof of sustainable profitability
- Statement from the house bank
- Show more
Documents required for application
- Application form AN-0-094
- Document checklist
- Statement from the house bank
- Business plan including financing plan
- SCHUFA self-disclosure
- SEPA direct debit mandate
- Questionnaire on beneficial owners
- De minimis declaration
- SME declaration
- Documentation of authorization to represent
- MUT information sheet
- Award principles MUT-IB interim financing
- General terms and conditions of the IB
Evaluation criteria
- Sustainability and profitability of the project
- Quality of the business plan
- Securing overall financing
Description
The IB bridge financing (Saxony-Anhalt MUT) enables start-ups as well as young small and medium-sized enterprises (SMEs) with headquarters or business premises in Saxony-Anhalt to seamlessly start or expand their operational investments. As a low-interest loan, it covers up to 100% of the financing requirement – from €25,000 up to a maximum of €3 million – and secures bridging until grants or other public funds are disbursed. The term is up to 36 months, beginning with full disbursement and due at the end, plus interest. Applications can be submitted at any time directly to the Investment Bank Saxony-Anhalt (IB). A qualified business plan, a statement from the house bank, as well as evidence of sustainable profitability and professional suitability form the basis of the evaluation.
Investments of all kinds as well as bridge financing of already approved grants and public funds are eligible for funding. Eligible are companies according to the EU SME definition, whose overall financing is secured despite the need for public funds. Pre-financing of refundable VAT is not permitted. Evaluation criteria include the quality of the business plan, sustainability and profitability of the project, as well as the overall risk. For application submission, among other documents, form AN-0-094, a current SCHUFA self-disclosure, SEPA direct debit mandate, a de minimis declaration, and the SME declaration are required. The IB provides information on disbursement applications and proof of use and verifies the appropriate use of the funds. This bridge financing offers a solid foundation to efficiently utilize public funding and further strengthen the growth of young companies in Saxony-Anhalt.