Grants for Small and Medium-Sized Enterprises after Successful Crisis Recovery Open
This program of the State of Saxony offers loans for small and medium-sized enterprises (SMEs) and freelancers who have successfully overcome a crisis. It supports the financing of investments and operating expenses for sustainable business stabilization. Thus, it significantly contributes to the stabilization and strengthening of the regional economy.
Who is funded?
This funding program is aimed at small and medium-sized enterprises (SMEs) and freelancers with a business establishment or domicile in the Free State of Saxony, who have successfully overcome a crisis situation. The goal is to support these recovered companies in establishing sustainable existence and significantly increasing their survival rate after a crisis. The geographical coverage is limited to the federal state of Saxony.
What is funded?
The funding program supports recovered companies in financing investments and operating expenses for business stabilization. The funds are intended for measures that strengthen the company's competitiveness and secure its sustainable market position.
Type and Scope of Funding
Funding is provided in the form of loans to finance the necessary measures after a crisis. The amount and term of the loans are clearly defined to meet the specific needs of the companies.
Conditions and Requirements
Specific legal and financial conditions must be met for the application and granting of funding. These include, among other things, the submission of an insolvency plan and compliance with state aid rules.
Application Process
The application process for this funding program is clearly structured and handled through the Sächsische Aufbaubank (SAB). The granting authority decides on applications within its discretionary powers.
Legal Basis
The funding program is based on a specific directive of the Saxon State Ministry for Economic Affairs and Labour, as well as other overarching budgetary and state aid regulations.
Funding Overview
Maximum Amount:
€1,000,000
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Demand Driven Scheme
Region:
Saxony
Funding Stages:
Implementation, Process Optimization
Funding Provider
Program Level: Regional
Funding Body: Saxon State Ministry for Economic Affairs, Labour and Transport (SMWA)
Managed By: Saxon Reconstruction Bank – Development Bank – (SAB)