To get an agreemnet on the required fundings, we have compiled somthing woth knowing for you.
- Applications are normally requested at cor home-bank or a trusted credit-institution.
- Applications for public fundings have to be requested before the beginning of the project. The project must not begin before the application is requested.
- Supplementary financial assistance or conversion will generally not be supportet. The public funding shall be an impulsion.
- An overall fanancing should be given. The applicant should have a share in the financing in an adequate amount (normally 15% own capital needed).
- Public credits haveto be assured by a Bank as usual, potentially through a monetary bond or the guarantee bank of the state.
- After the agreement the funds haveto be used immediatly for the designated purpose; the use has to be recorded.
- A multiple funding of the same project is impossible.