IB Interim Financing (Saxony-Anhalt MUT)

The program is aimed at business founders, young companies, and self-employed professionals in Saxony-Anhalt. It aims to facilitate access to external capital for small and medium-sized enterprises (SMEs) for the interim financing of public grants or funds for investments.

The IB Interim Financing (Saxony-Anhalt MUT) supports expenses for the interim financing of public grants and funds for investment projects. Certain sectors and export-related activities are excluded from funding. The support is aimed at projects in various development phases, from establishment to growth.

Funding is provided in the form of an interim financing loan. The maximum loan amount is generally 3 million Euros, and the minimum is 25,000 Euros. The loan can cover up to 100 percent of the financing need and has a maximum term of 3 years.

To be eligible, applicants must secure the overall financing for their project and demonstrate sustainable profitability. For business startups, additional qualifications and a qualified business plan are required. The program is subject to the EU's De minimis regulation and requires customary banking collateral.

The application for IB Interim Financing must be submitted in the prescribed form and before the start of the project to the Investitionsbank Sachsen-Anhalt. A statement from the house bank is mandatory. The loan is granted under private law, and the Investitionsbank Sachsen-Anhalt is responsible for auditing the use of funds.

The IB Interim Financing (Saxony-Anhalt MUT) is based on a specific directive of the State of Saxony-Anhalt and is legally underpinned by the Saxony-Anhalt SME Promotion Act and the EU De minimis Regulation.