4 loans for the self-employed and how to apply for them
August 02, 2022
|German title||Loan type||Funding||Eligibility|
|Gründungszuschuss||Unemployment benefits||Amount of previous unemployment benefit + €300After six months, €300 per month for 9 months||Those planning to transition from employment to self-employment, with at least 150 days unemployment benefits remaining (Arbeitslosengeld – I)|
|Einstiegsgeld||Unemployment benefits||No more than 50% of unemployment benefits||Those receiving Arbeitslosengeld – II|
|(none)||EU-backed startup loan||Depending on your financial institution||Those beginning their startup ventures|
|GWR grant (Gemeinschaftsaufgabe ‘Verbesserung der regionalen Wirtschaftsstruktur’)||Non-repayable cash payments for new businesses||Covering a maximum of 40% of startup costs||Those starting out in the manufacturing and service industries|
|Beratungsförderung||Consultant-assisted funding||Depending on the outcome of your consultation||Any self employed person or company with a business plan|
ABOUT THE AUTHOR
Tom has worked in Melbourne as a film critic and freelance writer. In Berlin, he was a content creator for German fintech Penta and is now at Qonto. His goal is to demystify technical jargon.
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