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.
In this tutorial, Peter Leitenmayer from LfA Förderbank Bayern provides insights and tips on loan financing for startups:
- What can be financed with credit and what can't? How do I find the right financing structure?
- Why do development banks exist?
- What does the house bank principle mean for subsidies?
- What criteria should I use to choose my bank?
- How important are loan collaterals?
- What is the benefit of risk minimization through guarantees or indemnities?
- Which subsidized loans are eligible?
- What role does the corporate account manager play and what are his interests?
- What reporting is expected?
