Thuringia Credit
Loan program of the Thuringian Development Bank for investments, working capital, and equity participations of small, medium, and large enterprises in Thuringia.
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Grant criteria
Funding objective
Funding of projects (investments and operating resources) of small, medium, and large enterprises as well as members of liberal professions with headquarters and/or business premises in Thuringia. Also financed is the acquisition of shares in such companies by natural persons within the framework of active participation.
Eligible expenses
- Tangible assets and intangible assets
- Innovations and market launches
- Purchase of company shares (share deals and asset deals)
- Ongoing operating expenses
Non-eligible expenses
- Refinancing and follow-up financing of projects already started or completed
- Investments in EEG-subsidized energy generation plants
Eligible to apply
- Companies
Funding requirements
- Registered office and/or place of business in Thuringia
- Submission of a letter of commitment from the main bank
- Creditworthiness assessment and risk-appropriate rating by the main bank
- Application submission prior to project commencement
Documents required for application
- Thuringia Credit Application
- Investment and Financing Plan
- De-minimis Declaration
- SME Evaluation Documents
- Proof of Use
Evaluation criteria
- Credit rating class
- Collateral class
- Price class
Description
The loan offer from the Thuringian Development Bank supports companies and members of liberal professions with investments, working capital, and the purchase of business shares within the Free State of Thuringia. Projects of small, medium, and large enterprises with headquarters or branches in Thuringia, as well as natural persons within the scope of active participations, are eligible for funding. The maximum loan amount is €5 million, with a funding rate of up to 100%. Financing items include, in addition to tangible assets and intangible assets, innovations, market launches, as well as ongoing operating expenses. Refinancing of already initiated projects and investments in EEG-subsidized energy generation plants are not eligible for funding.
For the application, a declaration of readiness from the house bank is required prior to project commencement, which conducts a creditworthiness check and a risk-appropriate rating. Submission documents include the completed loan application, investment and financing plan, De-minimis declaration, SME evaluation documents, and proof of use. Loan conditions depend on creditworthiness and collateral class as well as price category and include fixed interest conditions with grace periods. Disbursement is made at 100%, with a drawdown period of one year after approval. This program creates long-term financing perspectives and contributes to strengthening the competitiveness of companies in Thuringia.
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