HAMAG-BICRO launches new loan programme Small loans for women entrepreneurs and beginner entrepreneurs, a financial instrument intended for micro, small and medium-sized entities of a small economy that wish to start, develop or improve their business.
Purpose
- Funding capital goods (tangible and intangible assets),
- and working capital up to a maximum of 30% the amount of the loan.
Eligible beneficiaries
- Young Entrepreneurs and Start-up Entrepreneurs registered in the relevant register for less than 3 years; and
- companies whose majority owners are women at least 2 years before the application for the loan.
Terms and conditions and repayment
- Loan amount: from 25.001,00 EUR up to 100.000,00 EUR
- Interest rate: 0,5% annual fixed
- Period of use: 6 months from loan disbursement
- Starting point: up to 1 year
- Repayment period: 1 to 10 years including grace period
- Repayment dynamics: Quarterly Rate
- Security instruments: promissory notes
- Compensation: No authorisation fee
An additional benefit is the possibility write-offs up to 50% the principal amount of the loan in the event of an orderly repayment of the loan in question and additional employment, calculated as follows:
- 10% the principal of the loan amount used for each additional newly recruited person; or
- 15% principal if the additional newly recruited person is a woman and/or a young person (up to the age of 30).
Method and deadline for application
Applications must be submitted exclusively via on-line application system the HAMAG - BICRO official website where they are published Program Terms and Conditions i list of required documentation for registration.
Receipt of the request starts at 15. 10. 2025 at 10 hours and shall be valid until the funds are used up, but no later than 31. 12. in 2029.
More information is available here,
and for the preparation of a business plan and preparation of documentation, please contact us here.
