Financial support for business start ups
Are you creative? Do you have a good idea? Do you want to start your own small business but you do not have the necessary wherewithal for the start up?
We know the solution: Start up with micro financing Leipzig!
Almost 90 per cent of the enterprises in Leipzig belong to small enterprises. Therefore development and growth in this field are a matter of great concern of the business development in Leipzig.
The pilot project “micro financing” of the City of Leipzig was launched in 2010. It should help small enterprises to realize their business activities also in the case, if they are rejected by banks due to its rating systems or for lack of safety. Micro financing is a complement to the existing “traditional financing” made by credit institutions.
By offering loans the decision maker are focused on the person of the debtor, on his/her business idea as well as on his/her business model. The first loan is limited to 5.000 EUR. In the case if the loan is repaid on time there is another possibility to get further credits up to 20.000 EUR. The current rate of the micro credit totals of 7.5 % p.a. with a maximum repayment rate of 36 months. By the early repayment no fees are attached. Normally two warrantors have to secure 50 % of the credit. The rest of the risk is assumed by the micro financing Leipzig.
Within the pilot project “micro financing” the debtor gets an additional support not only by imparting of supplementary knowledge about entrepreneurial and business administration skills but also by the searching for common problem solving in case of payment problems.
The micro credits are financed by City of Leipzig, Department for Business Support and by the Sparkasse Leipzig in the cooperation with the Bundesprojekt Mikrokreditsfonds Deutschland and with the ESF (European Social Fund).
How to receive the micro credit Leipzig?
1. Step: Download the application form and fill it out (http://www.mikrokredit-leipzig.de/antragsunterlagen.html)
2. Step: Submit the application, the business plan and the notice from the SCHUFA (infocredit investigation company)
3. Step: Arrange an appointment for a personal consultation
4. Step: Present your business and investment concept and share your ideas with the procurement committee
The application procedure for the micro credit Leipzig is free of charge. In the case of payment problems the Department for Business Support offers an individual consultation for 90 EUR plus VAT/1 h.
For more information please contact:
Unternehmensgründerbüro Leipzig (ugb)
Karl-Heine-Strasse 99
04229 Leipzig
Tel.: + 49 (0) 341 4912-110
www.mikrokredit-leipzig.de
For further information about micro credits in Germany please visit the following websites (in German):
Deutsche Mikrofinanzfonds: http://www.mikrokreditfonds.de/de/mikrokredit-erhalten/mikrofinanzinstitute.html
KIZ gemeinnützige Projektgesellschaft mbH http://www.kiz.de/index.php
Sparkasse Leipzig: https://banking.sparkasse-leipzig.de/portal/portal/Starten
Deutsches Mikrofinanz Institut: http://www.mikrofinanz.net/
GLS Bank: http://www.gls.de/