Capital for Small Businesses

The "Capital for Small Businesses" funding program targets small businesses, freelancers, and social enterprises based in Hesse. It aims to improve their financing structure and liquidity, as well as support business successions. The funding is tied to specific criteria regarding employee numbers, turnover, and creditworthiness.

The program supports projects to improve the financing structure and liquidity of small businesses. This includes obtaining debt capital and specific aspects of business successions. Certain types of investments and old debts are excluded from funding.

The program offers bullet subordinated loans with a term of 7 years. The loan amounts vary depending on the type of company and require co-financing by the house bank. No fees are charged to the ultimate borrowers.

Specific creditworthiness and structural requirements apply to the application and granting of the loan. The program is granted as de minimis aid and is subject to special rules regarding lending and the obligations of the participating banks.

The application for the "Capital for Small Businesses" program is submitted to Wirtschafts- und Infrastrukturbank Hessen via the house bank. The decision is based on the submitted documents and a rating from the house bank. Disbursement occurs after the contract is signed by the house bank to the ultimate borrower.

The "Capital for Small Businesses" funding program of Wirtschafts- und Infrastrukturbank Hessen is based on a specific fact sheet and is subject to the EU de minimis regulation. Additionally, general exclusion lists of KfW and sustainability guidelines of Landesbank Hessen-Thüringen must be observed. These documents are publicly accessible.