Universal Loan
The Universal Loan from LfA Förderbank Bayern offers commercial enterprises and self-employed professionals flexible financing for investments, start-ups, working capital, and refinancing. As a loan with optional liability exemption, the program covers up to 100 percent of eligible costs, thereby supporting business development in Bavaria.
Who is Funded: Target Groups and Geographic Scope
The Universal Loan from LfA Förderbank Bayern targets a wide range of applicants, including natural persons, commercial enterprises, and self-employed professionals. The funding is primarily designed for companies with a permanent establishment in Bavaria, but under certain conditions, it can also support projects outside Bavaria, provided they demonstrate a positive "Bavaria effect".
What is Funded: Project Types and Eligible Measures
The Universal Loan finances a wide range of business projects, from investments and start-ups to working capital and refinancing. However, certain measures and asset transfers are excluded from funding.
Type and Scope of Financing
The Universal Loan is granted as a loan and offers flexible financing options. It enables coverage of up to 100% of eligible costs and includes the possibility of a liability exemption for risk sharing with the house bank.
Conditions and Requirements
Important conditions for the Universal Loan include timely application before project commencement, compliance with state aid rules such as the De minimis Regulation (for UK5), and specific requirements for asset transfers and rented/leased properties.
Application Procedure
The application for the Universal Loan must be submitted to LfA Förderbank Bayern via the house bank or another credit institution of choice. Depending on the type of financing desired, specific application forms must be used.
Legal Basis of the Universal Loan
The Universal Loan is legitimate based on the "Universal Loan (UK5 and UK7) Information Sheet" from LfA Förderbank Bayern. The program is subject to various state aid and other legal provisions that regulate the allocation and administration of funding.
Similar Programs
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Funding Overview
Funding Status:
Open
Maximum Amount:
€15,000,000
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Demand Driven Scheme
Region:
Bavaria (Germany), under certain conditions also projects outside Bavaria with a connection to the Bavarian location
Application Type:
Single Applicant
Funding Stages:
Planning, Market Introduction, Commercialization, Scaling, Implementation, Other
Funding Provider
Program Level:
Regional
Funding Body:
LfA Förderbank Bayern
Managed By:
LfA Förderbank Bayern
Additional Partners:
Free State of Bavaria (Guarantor)
Website: