Banks typically grant loans against collateral and based on the likelihood of repayment. Loans from development banks usually offer preferential interest rates and liability exemptions.
Peter Leitenmayer and Melanie Kirsch from LfA Förderbank Bayern and Anton Kasak from Sparkasse Nürnberg provide insights and tips on loan financing for startups in this tutorial:
- What can be financed with credit and what can't? How do I find the right financing structure?
- What criteria should I use to choose my bank?
- What role does the corporate account manager play and what are his interests?
- What reporting is expected?
- How important are loan collaterals?
- Why do development banks exist?
- What does the house bank principle mean for subsidized loans?
- What are the benefits of minimizing risk through guarantees or indemnities?
- Which subsidized loans are eligible?
