Subsidy Guide for Businesses and - Investitionsbank Berlin

Berlin Kapital / Berlin capital
Aim
Mezzanine capital and equity and/or equity-near capital is
granted in order to improve the capital structure especially
of small of medium-sized enterprises (SMEs).
Funds are made available for defined projects in Berlin.
Who?
Eligible applicants are medium-sized businesses having the
legal form of a corporation (GmbH / private limited company;
GmbH & Co. KG / private limited company with a limited
partner; [companies with these legal forms are treated
as corporations for the purposes of the rules], AG / public
limited company) with their place of business or a facility in
Berlin.
Companies should, as a rule, have been in business for at
least three years and must offer sufficient debt service capabilities
or value increase potential. Furthermore, profitable
operations must be ensured in the long term. Projects must
be located in Berlin in order to be eligible.
The offer is not tied to a particular industry (financing is not
available to companies in the shipbuilding, coal, mining and
steel, the agriculture, fisheries and fish farming sectors).
Rescue projects and financing of companies in difficulty in
the meaning of the EU Commission’s definition are not eligible.
Projects not eligible are mergers, management buyouts,
management buyins or transfers between family members
unless financing is provided solely to implement a plan to
expand a company’s business activities in which case financing
of the company’s takeover from the previous owner is
ruled out.
What?
Equity or equity-near funds are made available in the form
of silent and open participation of up to EUR 1.5m per financing
tranche during every twelve-month period. Additional
co-financing to at least the same amount by a private investor
(applicant’s bank, equity fund, etc.) is required.
Moreover, mezzanine funds and funds similar to outside
capital in the form of typical silent participations and subordinated
loans from EUR 1m to EUR 5m. Co-financing by further
partners (applicant’s bank, equity fund, etc.) is usually
required.
Silent participations are subject to subordination and thereby
develop equity character. Open participations are exclusively
entered into in the form of minority shareholdings.
Combination of instruments is possible.
The Subsidy Programmes Investment and Working Capital
How?
The commitment per case is limited to a maximum sum of
EUR 5m.
Granting of finance is normally contingent upon participation
of further partners (for example, the applicant’s bank,
an equity fund, etc.) in financing the project (to at least the
same amount).
Financing type and amount as well as customary terms and
conditions are subject to agreement from case to case.
Customary collateral is generally required. There is no obligation
to grant funds.
Applications are to be submitted as informal written applications.
The application must be accompanied by a plausible business
plan as well as the following documents:
• Up-to-date extract from the commercial register
• Up-to-date partnership agreement
• Up-to-date list of shareholders
• Annual financial statements of the last three years (including
affiliated companies, if any)
• Up-to-date managerial analysis, including a list of current
totals and balances
• Revenue forecast for the current and the next two years
• Up-to-date information concerning orders on hand (including
volume and time range)
• Liquidity planning for the current and the next two years
as well as financing and investment plan
• List of loan and leasing agreement for all current credits,
including an overview of all current loans
• Data protection statement (form)
• SME statement
• Voluntary disclosure form (made available by IBB) to be
completed by all relevant shareholders of the company
Where?
Investitionsbank Berlin
Bundesallee 210, 10719 Berlin
Telephone: +49 (0) 30 / 2125-4747
Fax: +49 (0) 30 / 2125-4329
E-mail: kundenberatung.wirtschaft@ibb.de
Internet: www.ibb.de
(EU) EUROPEAN UNION
European Regional
Development Fund
Investment in your future
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