IB Succession Loan (Saxony-Anhalt MUT/IMPULS)

The IB Succession Loan in Saxony-Anhalt targets start-ups, freelancers, and small or medium-sized enterprises (SMEs). It aims to support the realization of succession solutions and ensure the continued existence of businesses in the state.

The IB Succession Loan specifically funds expenses incurred within the scope of a business succession or continuation. These include the acquisition of participations, investments in fixed and current assets, and the acquisition of intangible assets. Excluded are, among other things, the repayment of existing liabilities and the pre-financing of VAT.

The IB Succession Loan is granted as a loan and covers up to 100 percent of the financing needs. The maximum loan amount is generally 3 million Euros, with a minimum of 25,000 Euros. The term can be up to 20 years.

Several conditions must be met for applying for the IB Succession Loan, including ensuring overall financing and demonstrating commercial qualification for start-ups. The program is subject to the de minimis regulation and requires a statement from the applicant's principal bank.

The application for the IB Succession Loan must be submitted in a prescribed form to Investitionsbank Sachsen-Anhalt, accompanied by a statement from the applicant's principal bank. Funding is generally only possible for projects that have not yet started at the time of application receipt.

The IB Succession Loan is based on the Guideline "Saxony-Anhalt MUT/IMPULS – The IB Succession Loan" and other legal bases, including the SME Promotion Act Saxony-Anhalt and the EU De minimis Regulation. These documents define the legal framework and funding conditions.