Apply for loans for business start-ups and company successions

Prerequisites

• You must submit your application to your house bank before the start of the project.
• You must then submit the application in writing to the Hamburgische Investitions- und Förderbank or the Bürgschaftsbank within a reasonable time, no later than 3 months after the start of the project. Applications received after December 31, 2024 will not be considered submitted on time.

Documents required

• General provisions house bank
• General Provisions End Borrower
• General Guarantee Provisions
• "De minimis" declaration
• Schufa statement
• Self-disclosure / statement of assets (house bank form)
• Statistical Supplement
• Self-declaration SME of the applicant

Please note

There are the following indications: The loan is not granted directly to the final borrower, but exclusively via credit institutions, which assume liability for this loan towards IFB Hamburg.
The loan is for founders and companies/freelancers who have not been active on the market for more than 5 years.

Deadlines

Comment (for more information on the deadline):


There is no deadline.

Procedure

Analog process:

• The first step is to contact your bank advisor.
• You then apply for the loan at a bank of your choice in Germany, including a default guarantee from the Bürgschaftsbank.
• The Bürgschaftsbank checks your guarantee application and informs you, your bank and the Hamburgische Investitions- und Förderbank of the result.
• The Hamburg Investment and Development Bank will examine your application and inform your bank.
• You can then conclude the contract with your bank.

Online process:

• The first step is to contact your bank advisor and then apply for the loan.
• The house bank submits the application online via an interface at the IFB Hamburg (currently only possible for the Hamburger Sparkasse).

Processing time

Remark for further information on the processing time:


There is no legal processing time for the funding program.

Fees

Type of cost: free


Note: There are no costs.

Legal remedies

For crafting companies for the crafting component:

• contradiction

Otherwise there is no legal remedy.

Legal basis

Designation: Funding guideline for Hamburg credit foundation and succession


URL: https://www.ifbhh.de/api/services/document/425

The Hamburg loan for foundation and succession is used for the long-term financing of investments in Hamburg and the financing of working capital. This means that in the case of investments, the place of investment and, in the case of operating resources, the company's registered office must be in Hamburg. The loans are refinanced with funds from the IFB Hamburg, secured by default guarantees from the Bürgschaftsbank and reduced by an interest rate subsidy from the Free and Hanseatic City of Hamburg (FHH).
Various measures are funded with this funding program:

• Investments are promoted that require a long-term provision of funds and promise sustainable economic success.
• In addition, funding is provided for working capital, including warehouses, to compensate for growth-related, appropriate liquidity requirements, to expand company activities and to compensate for temporary liquidity bottlenecks (based on the existing business plan) in the first 5 years after founding.