Start-up financing – development loans

The Confederation, the Fast Lend Special Fund, the federal states and the EU support the start of entrepreneurial independence through funding programs. These are mostly loans. Typical for public development loans are, inter alia, favorable interest rates, long maturities and often a repayment-free start-up phase, until one has to start with the eradication. This gives you time to “make money” in peace.

Fast Lend start-up loan 

Fast Lend start-up loan 

Purpose: For investments and resources. Funding is also a start-up as a sideline, if the company is geared in the medium term on the full-time. In addition, the Fast Lend start-up loan – StartGeld also funds start-ups after a business failure.

Deadline: Applications can be submitted up to a business age of five years.

Maximum amount: 100,000 euros. If the financing requirement is higher, the Fast Lend Start-Up Loan – Universal comes into question.

Collateral: If equity and “customary” collateral (eg mortgages, life insurance) exist, the principal bank generally expects that they will also be pledged to secure the loan. However, a loan can be approved even if these are insufficient, since the KfW Bankengruppe of the house bank decreases 80 percent of their liability.

Interest rate: The interest rate is fixed

Interest rate: The interest rate is fixed

Application : The Fast Lend start-up loan – StartGeld must be applied for before the start of the project. The application to the KfW Bankengruppe must be submitted via the house bank (bank or savings bank).

Fast Lend start-up loan – universal

Purpose: For investments and resources.

Deadline: Applications can be submitted up to a business age of five years.

Maximum amount: 25 million euro per project.

Collateral: Bank-standard collateral is necessary.

Interest rate: It is based on the creditworthiness and the collateral of the applicant.

Application: so

Fast Lend capital for founding (credit)

cash

Purpose: Increase of own financial resources (equity) up to a rate of 45 percent (in the old federal states) or 50 percent (in the new federal states and Berlin) of the eligible costs. For: investments (eg, land and building costs, equipment and office equipment costs) and industry-standard market development costs. The first procurement or increase of the warehouse can also be co-financed.

Deadline: An application is possible up to a business age of three years.

Maximum amount: 500,000 euros.

Collateral: No customary collateral is required.

Interest rate: The interest rate is reduced in the first ten years of the term from resources of the Fast Lend Special Fund.

Special features: The “Fast Lend capital for foundation” is – purely “banking technology” – attributed to the equity of the company. This makes it easier for him to get more loans. This is a so-called subordinated loan. This means: KfW, which lends the house bank the Fast Lend capital, so that this in turn can be enough for founders, stands in the case of the cases in the row of creditors in the back. The bank bears no risk for the subordinated loan. It will make the decision to accept the loan application easier.