Consortium Funding
The Thuringian Development Bank supports companies in Thuringia with the financing of investments and working capital through consortium loans and guarantees. Financing volume from €250,000 to €5 million. Applications can be submitted at any time through the house bank.
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Grant criteria
Funding objective
Support for established companies in financing investments and working capital through the pooling of multiple banks in a consortium.
Eligible expenses
- Investments
- Operating resources
- Tangible assets and intangible values
- Innovations and market launches
- Establishment of branches and subsidiaries
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Eligible to apply
- Companies
Funding requirements
- Registered office or place of business in Thuringia
- Company founded at least 3 years ago
- Creditworthiness and risk analysis by TAB must justify granting of loan or guarantee
- Standard banking securities must be provided
Documents required for application
- Company's field of activity
- Outlook on business development
- Current commercial register excerpt
- Current shareholder agreement and list of shareholders
- Annual financial statements for the last three years and, if applicable, interim financial statements
- Organizational chart for corporate groups
- Business management evaluations with trial balance and ledger summaries
- Project description with investment and financing plan
- Planned profit and loss statement and balance sheets (current year and following year)
- Information on collateral package and collateral object
- Overview of existing commitments and their collateralization
- Planned covenants
Evaluation criteria
- Creditworthiness and risk analysis of the TAB
- Completeness and quality of the submitted documents
- Economic benefit and viability of the project
Description
The consortium financing by the Thuringian Development Bank strengthens established companies in Thuringia in their investments and working capital. By pooling several banks in a consortium, the TAB assumes credit risks in the form of loans or guarantees, thereby enabling financing volumes between €250,000 and €5 million. Up to 50% of the total amount is co-financed by the development bank. Applications can be submitted at any time through the respective house bank, which forwards the application to the TAB. Terms are based on the conditions of the consortium members and can be up to 20 years, with variable or fixed interest rates.
Eligible for funding are companies of all sizes located in Thuringia, whose establishment dates back at least three years and who can demonstrate a positive creditworthiness and risk analysis by the TAB. Standard banking securities must be provided. Investments in tangible assets, intangible assets, innovations, market launches, branches, as well as participations in Thuringian companies or share acquisitions are supported. Key evaluation criteria include the economic viability of the project, completeness of the documentation, and a solid risk analysis. Interested companies receive an individual roadmap for the implementation of their investment and working capital projects in a personal consultation with the house bank or directly with the TAB.