MikroSTARTer is a microloan from NBank and a permanent part of the development bank’s product portfolio. The State of Lower Saxony uses it to support startups and business succession, especially micro-startups based in Lower Saxony.
Eligible costs from €5,000 up to €40,000 can be funded at 100%. The loan term is fixed at seven years, regardless of the amount borrowed.
MikroSTARTer funds can be used to finance any expenses related to starting, expanding or growing the business (for example, investments, operating resources, and education and training costs). The purchase of developed or undeveloped land is not eligible. Refinancing or subsequent financing of projects that have already been completed, as well as follow-on financing and extensions, cannot be financed through MikroSTARTer either.
The funding can be applied for by individuals who are starting a business on a full-time or part-time basis or seeking to take over a business. Businesses that have already been established can also apply for MikroSTARTer Niedersachsen during the first five years after commencing operations (from business registration, entry in the commercial register, etc.).
The applicant or business submits the application via NBank’s customer portal after an initial consultation with a qualified advisory body, for example WiReGo. The WiReGo team is happy to advise anyone interested in MikroSTARTer. All information is also available on the NBank website at NBank and www.nbank.de.
