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Loan

Grants to Small and Medium-Sized Enterprises Following Successful Crisis Recovery

Loans for small and medium-sized enterprises in Saxony to finance investments and ongoing operational expenses following successful crisis recovery. Up to 80% of eligible financial needs, €25,000 to €1 million.

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Grant criteria

Application Deadline: Ongoing
Application level: Advanced
Region: Saxony
Company size: small and medium-sized enterprises
Funding amount: at least €25,000 up to a maximum of €1,000,000
Funding rate: up to 80%
Project duration: 48 months

Funding objective

Financing of investments in fixed and current assets as well as project- or order-related ongoing operational expenses to secure the consolidation of existence and competitiveness of SMEs following insolvency proceedings.

Eligible expenses

  • Investments in fixed and current assets
  • Project- or contract-related ongoing operational expenses

Eligible to apply

  • Companies

Funding requirements

  • Establishment in the Free State of Saxony
  • Submission of a confirmed insolvency plan pursuant to § 248 InsO
  • Resolution on the termination of insolvency proceedings pursuant to § 258 InsO
  • Exclusion of companies in difficulty according to EU guidelines

Documents required for application

  1. Art_RuB_Application (Form 60470)
  2. Self-Disclosure (Form 60020x)
  3. SEPA Direct Debit Mandate Framework Mandate (Form 64021)
  4. SEPA Direct Debit Mandate Single Mandate (Form 64022)
  5. SME Assessment (Form 60314)
  6. SME Assessment_Annex 1 (Form 60314-1)
  7. Determination of the Beneficial Owner (Form 65222-1)
  8. Signature Sheet_Bank Authorization (Form 64663)
  9. Account Authorization_Bank (Form 64662)
  10. De-minimis Rule_Information Sheet (Form 60380)
  11. De-minimis_Application_Declaration (Form 60381)
  12. Notification of an Authorized Signatory (Form 61547-1)

Description

The program "Crisis Management and Restart (KUNST)" targets small and medium-sized enterprises, craft businesses, trade and service companies, as well as members of liberal professions with a place of business in the Free State of Saxony. It provides low-interest loans to cover up to 80% of the eligible financial requirements following a successful insolvency plan procedure. The funds can be used for new and replacement investments in fixed and current assets as well as for project- and order-related ongoing operational expenses. The loan amount ranges between €25,000 and €1,000,000, with a maximum term of 48 months and the possibility of a repayment-free first year. Since applications can be submitted continuously, the program offers timely and flexible support for rebuilding economic performance.

Participating companies must submit a confirmed insolvency plan pursuant to § 248 InsO as well as the resolution on the termination of the insolvency proceedings according to § 258 InsO and must not be considered "enterprises in difficulty" under EU guidelines. Among other documents, the application requires submission of the "Kunst_RuB_Application (Form 60470)", self-disclosures, SEPA direct debit mandates, SME evaluations, and evidence to identify the beneficial owners. The Saxon Development Bank – Förderbank – (SAB) reviews applications and supports the approval of funds. The aim is to secure the existence and strengthen the competitiveness of SMEs after a crisis situation – an effective bridge for sustainable growth in the Free State of Saxony.

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