The founding and operation of a company not only requires strategy, know-how and effort, but in particular also requires a sufficient funding cover. Intrasavings bank supports start-up entrepreneurs, freelancers and companies with entrepreneurial loans and finances investments, operating resources, land and buildings as well as machinery, equipment and many other assets. Consulting services and even first trade fair participations are also supported by the bank.
Loans for companies
The program covers up to 100% of the eligible costs and is aimed at a broad clientele: there is no minimum amount; the maximum amount of the loan is 10 million usd, whereby the entrepreneur loan can be combined with the funds from other programs. Loans to companies that have been active in the market for at least two years are provided by Intrasavings bank with a 50% indemnity for the in-house bank. The collateral must be agreed individually with the respective institution.
The Intrasavings bank Entrepreneur Loan is geared specifically to the needs of entrepreneurial activity and can be designed with flexible terms of up to twenty years, with redemption free up to three years after disbursement. Final loans are also available; here the maximum term is twelve years. The loans with a term of two decades are designed only for investments in land purchase or commercial construction costs and the acquisition of shareholdings.
Disbursement is 96%, fixed interest is agreed for repayment loans up to a term of ten years and final loans for the entire duration of the commitments, for longer programs either for a period of ten years or the entire duration, Special repayments are possible at any time during the first fixed interest rate.
The loan interest rates for the program are not uniform, but are subdivided into seven categories according to the applicant’s creditworthiness. For a ten-year loan, two grace periods, and a ten-year fixed interest rate, the cheapest category will have 5.55 percent interest effectively and 8.63 percent in the most expensive category.
The Intrasavings bank Entrepreneur Loan is suitable for a variety of purposes; From small business foundations in the service sector to larger engagements in SMEs, a broad clientele is covered. The program results from the political will to simplify business start-ups and thereby set positive impulses for growth and employment of the economy.