ERP-Bremen SME Promotional Loan with Indemnity (ERP-BFKH SME)
The ERP-Bremen SME Promotional Loan with Indemnity is a loan program for medium and long-term financing of investments and working capital in the State of Bremen. Its unique feature is a 50% indemnity provided by Bremer Aufbau-Bank, which facilitates loan disbursement by commercial banks and thus enables the financing of high-growth projects.
Who is Funded
The ERP-Bremen SME Promotional Loan with Indemnity program is aimed at young and established small and medium-sized enterprises (SMEs), freelancers, and natural persons planning investments in the State of Bremen. It aims to support the medium and long-term financing of projects that ensure the sustained success of the company.
What is Funded
The ERP-Bremen SME Promotional Loan with Indemnity program supports a variety of investments and working capital. It covers both tangible assets and liquidity needs driven by growth.
Type and Scope of Funding
The ERP-Bremen SME Promotional Loan with Indemnity is granted as a loan with a 50% indemnity by Bremer Aufbau-Bank (BAB). The loan can amount to up to 5 million euros per project, with the indemnity risk limited to 2.5 million euros.
Conditions and Requirements
The program sets specific requirements for the application and the use of funds. Important points include avoiding refinancing and complying with minimum wage regulations. A combination with other funding programs is generally permissible, as long as no double collateralization arises.
Application Procedure
The application for the ERP-Bremen SME Promotional Loan with Indemnity is submitted through the commercial bank and forwarded from there to Bremer Aufbau-Bank (BAB). Processing times depend on the completeness of the submitted documents, with processing for Risk Level I applications generally expected within 5 working days.
Legal Basis
The basis of the ERP-Bremen SME Promotional Loan with Indemnity is the program leaflet, which defines the key data and conditions of the funding.
Similar Programs
No similar programs found.
Funding Overview
Funding Status:
Open
Maximum Amount:
5,000,000 €
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Demand Driven Scheme
Region:
State of Bremen (Germany)
Beneficiaries:
Business financing, start-up & consolidation
Application Type:
Single Applicant
Funding Stages:
Implementation, Scaling
Funding Provider
Program Level:
Regional
Funding Body:
Bremer Aufbau-Bank GmbH
Managed By:
Bremer Aufbau-Bank GmbH
Additional Partners:
Commercial banks and savings banks