Thuringia Credit
Attractive loan program by the Thuringian Development Bank for financing investments and working capital for companies and liberal professions in Thuringia with interest rate subsidies. Applications can be submitted at any time through the house bank.
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Grant criteria
Funding objective
Support for investments and ongoing operating expenses of small, medium, and large enterprises as well as members of liberal professions with headquarters and/or business premises in Thuringia; financing of equity acquisitions within the framework of active participation.
Eligible expenses
- Tangible and intangible assets
- Innovations and market launches
- Purchase of company shares (share 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
- Founders
- Individuals
Funding requirements
- Registered office and/or place of business in Thuringia
- No companies in difficulty according to GBER Art. 2 No. 18
- No companies in the health, veterinary, and social sectors, pharmacies, or housing industry
- Compliance with the GBER and De minimis Regulation
Documents required for application
- Letter of commitment from the house bank
- Thuringia Credit Application
- De-minimis declaration (if required)
Evaluation criteria
- Creditworthiness of the applicants
- Value retention of the collateral
Description
The ThüringenKredit loan program of the Thüringer Aufbaubank (TAB) supports companies of all sizes as well as members of liberal professions with headquarters and/or business premises in Thuringia in financing investments and ongoing operating expenses. Natural persons who acquire company shares as part of an active participation can also benefit from the attractive conditions. Eligible for funding are tangible and intangible assets, innovations and market launches, share deals, as well as ongoing operating expenses – up to 100% of the eligible costs. Loan amounts range from €5,000 up to a maximum of €5 million, with flexible terms from two to twenty years and grace periods of up to three years. Interest rates are based on a risk-appropriate interest rate system and are individually determined by the house bank.
Applications can be submitted at any time through the house bank, provided the applicants can prove their company headquarters or business premises in Thuringia and none of the exclusion criteria such as company participation in difficulty, business sectors in healthcare or social services, pharmacies, or housing industry apply. Furthermore, the requirements of the GBER and De minimis Regulation must be observed. The submission of a letter of commitment from the house bank, the completed ThüringenKredit application, and, if applicable, a De minimis declaration form the basis for the funding approval. By combining with other public programs, the state aid ceilings are maintained, enabling tailored financing for sustainable growth and competitiveness in the Free State of Thuringia.
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