Hamburg Investment and Development Bank (IFB)

Apply for loans for investments and working capital

Prerequisites

• Small companies, the self-employed and members of the liberal professions are eligible to apply.
• If your company employs fewer than 50 people and has annual sales or an annual balance sheet total of no more than 10 million euros.
• Main acquisition with company headquarters or at least one permanent establishment is in Hamburg.
• You may not receive any financing from a bank for your project.

Documents required

• Copy of the extract from the register or copy of the business registration or proof of freelance work in a suitable form
• power of attorney for the authorized representative, if applicable
• de minimis declaration
• SME Statement
• Annex I (self-assessment / planning figures) to the Hamburg credit micro application
• Concept/business plan (please upload as a complete document)
• Questionnaire for natural persons or legal entities
• Schufa statement
• Schufa information/Crefo information from the applicant, as well as the guarantor
• Letter of confirmation from a credit institution that the financing of the proposed project will not be accompanied
• Further attachments to the application (please upload as a complete document)
• Identity card or passport (copy)

Please note

There are the following hints:

Conditions:

• The interest on the loan is currently 2.95% pa, is fixed for the term of the loan and also applies to the grace period.
• The loan amount is paid out 100% and in one lump sum.
• Beginning 3 months after the date of commitment, a commitment fee of 1.80% pa will be charged for the loan that has not yet been paid out.
• A processing fee is not charged.

Collateral:

• Notarial acknowledgment of debt by the applicant (in the case of GbR also by the co-obligors).
• In the case of legal entities, the shareholders provide a guarantee.

accumulation:

• Funding of the same project with EU funds from other federal and state programs is excluded.

Please contact one of the following cooperation partners

• Chamber of Commerce (including for members of the IHK)
• Chamber of Crafts (including for companies with affiliation to crafts)
• Entrepreneurs Without Borders e. V
• Working group of self-employed migrants e. V

The borrower must prove within 6 months after disbursement that the loan funds have been used appropriately. This can be in the form of invoices or receipts, for example.

Deadlines

Comment (for more information on the deadline):


The program ends on April 30, 2024.

Procedure

• You can apply for the funding program via the e-application portal of the Hamburg Investment and Development Bank
• To apply for the funding program, you have to register once and can then log in with your username.
• Submit the application online via the portal.
• The application must be submitted before the start of the project (e.g. first binding order, conclusion of a purchase contract, etc.).
• Get in touch with a cooperation partner:
  • Chamber of Commerce
  • Chamber of Crafts
  • Entrepreneurs Without Borders e. V
  • Working group of self-employed migrants e. V
• After a consultation with a cooperation partner, the partner submits the additional loan application to the IFB Hamburg.
• The examination takes place only after all the necessary documents have been submitted.
• After a successful examination you will receive a permit.
• After receiving the permit, you can start with your project.

Processing time

Remark for further information on the processing time:


There is no statutory processing period.

Fees

Note: There are no costs, the agreed interest rate is to be paid for the loan amount.


Beginning 3 months after the date of commitment, a commitment fee of 1.80% pa will be charged for the loan that has not yet been paid out.

Legal remedies

There is no entitlement to the granting of funding.

Legal basis

Designation: Funding guidelines for granting a loan for small businesses (KU), the self-employed and freelancers


URL: https://www.ifbhh.de/api/services/document/2936