NRW.Microloan
The NRW.Microloan from NRW.BANK supports the establishment and development of micro-enterprises in North Rhine-Westphalia. It provides financing of up to €50,000 for start-up, expansion, and growth projects, with a special focus on people with a migration background and underrepresented groups. The program is characterized by its focus on securing livelihoods and creating jobs in the state.
Who is funded?
The NRW.Microloan is aimed at natural persons, civil law partnerships (GbR), and entrepreneurial companies (UG haftungsbeschränkt) with a business or investment location in North Rhine-Westphalia. The funding aims to support the establishment and growth of micro-enterprises, especially those run by people with a migration background and societal groups that have been underrepresented in start-up ventures.
What is funded?
The NRW.Microloan supports the establishment and development of micro-enterprises in North Rhine-Westphalia. The financial support is geared towards specific uses and covers the financial needs for new projects, although certain costs and ventures are excluded from funding. The support primarily applies to early project phases.
Type and Scope of Funding
The NRW.Microloan is granted as an installment loan with a fixed interest rate and a maximum term of 10 years. The maximum funding amount is €50,000 and can cover up to 100% of the financial need. The loan can also be drawn twice under certain conditions.
Conditions and Requirements
Specific requirements apply to the use of the NRW.Microloan, including mandatory consultation with a STARTERCENTER NRW and adherence to the NRW.BANK's ESG funding requirements. Furthermore, the projects must be expected to achieve sustainable economic success.
Application Procedure
The application for the NRW.Microloan requires prior consultation with a STARTERCENTER NRW, which reviews the application documents and provides a statement. The complete documents are then submitted online via the NRW.BANK's customer portal.
Legal Basis
The legal basis for the NRW.Microloan is the program information sheet, supplemented by the European De minimis Regulation. Additional framework conditions are set out in the NRW.BANK's ESG funding requirements.
Similar Programs
No similar programs found.
Funding Overview
Funding Status:
Open
Maximum Amount:
€50,000
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Demand Driven Scheme
Region:
North Rhine-Westphalia (Germany)
Application Type:
Single Applicant
Funding Stages:
Planning, Market Introduction, Scaling
Funding Provider
Program Level:
Regional
Funding Body:
NRW.BANK
Managed By:
NRW.BANK
Additional Partners:
STARTERCENTER NRW, SeniorCoach NRW (or freelance consultancy)
Website: