State Guarantees of the Free and Hanseatic City of Hamburg
The state guarantee of the Free and Hanseatic City of Hamburg supports companies that plan innovative investments, restructurings, or projects in Hamburg's key industries but lack sufficient bankable collateral. Through IFB Hamburg, companies can receive a guarantee of up to 80% of the loan amount to promote growth and secure jobs. The program is crucial support for Hamburg's economy.
Who is funded
The state guarantees of the Free and Hanseatic City of Hamburg are aimed at Hamburg-based companies that wish to realize investments, innovations, or restructurings but do not have sufficient loan collateral. The program aims to create and secure jobs and promote growth in key industries.
What is funded
The State Guarantees program of the Free and Hanseatic City of Hamburg supports projects by innovative and technology-oriented companies as well as measures in specific Hamburg clusters. Loans for investments, innovations, and restructurings are secured, addressing specific cost categories and project phases.
Type and Extent of Financing
The state guarantee is provided as a modified deficiency guarantee to facilitate companies' access to necessary loans. The funding amount is up to 60%, and in exceptional cases, up to 80% of the loan amount. The lender must bear a self-retention share of at least 40% of the credit risk.
Conditions and Requirements
To utilize a state guarantee, companies must meet certain conditions related to location, job creation and security, loan collateralization, and the willingness of shareholders to provide self-guarantees. Additionally, the program is subject to extensive EU state aid regulations.
Application Process
The application process for state guarantees involves an initial clarification with IFB Hamburg, the joint submission of documents by the lender and the company, a review by IFB, and a final decision by the credit committee. It is recommended to contact IFB early, as the process can take some time.
Legal Basis
The State Guarantees program of the Free and Hanseatic City of Hamburg is based on specific guidelines and is supported by a framework of state aid regulations of the European Commission as well as budgetary provisions of Hamburg.
Similar Programs
Funding Overview
Funding Status:
Open
Maximum Amount:
up to 80% of the loan amount
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Demand Driven Scheme
Region:
Hamburg (Germany)
Sectors:
Information and Communication Technology, Renewable Energy, Healthcare, Creative Industries, Transportation and Logistics, Other
Beneficiaries:
Companies
Application Type:
Single Applicant
Funding Stages:
Implementation, Product Development, Process Optimization, Infrastructure, Scaling, Experimental Development, Market Introduction
Funding Provider
Program Level:
Regional
Funding Body:
Free and Hanseatic City of Hamburg
Managed By:
Hamburgische Investitions- und Förderbank (IFB Hamburg)
Additional Partners:
Bürgschaftsgemeinschaft Hamburg GmbH