In June, Kapilendo started its digital access to the KfW-Schnellkredit and was thus able to provide corona aid of about 30 million euros within six weeks. All in all, the Fintech from Berlin has thus brokered a financing volume of over 100 million euros in the first half of the year. As communicated on the DGAP portal, the good cooperation with Varengold Bank and the Kreditanstalt für Wiederaufbau (KFW) in particular guarantees easy access to the KfW-Schnellkredit for small and medium-sized enterprises (SMEs).
What is the Corona KfW-Schnellkredit
The KfW-Schnellkredit is part of the public corona aid. The financing is designed for companies that have run into financial problems due to the Corona crisis. The corporate loan can be applied up to December 31, 2020 and primarily supports companies with more than 10 employees that have been on the market at least since January 2019 and have made a profit in the sum of the years 2017-2019 or in 2019.
Investments such as machines or equipment are supported. In addition, ongoing business costs that are necessary for the entrepreneurial activity can also be subsidised. These include, for example, expenses such as rent, salaries or operating resources.
Kapilendo Corona KfW-Schnellkredit: Key features
- Corporate financing with 3.00 % debit interest p.a.
- Financing amount up to 800.000 Euro
- Duration up to 120 months Repayment
- 2 years no repayment
Not eligible for funding:
- Subsidies to convert or replace existing loans
- Follow-up financing or prolongations for completed projects
Kapilendo is a Berlin Fintech and full-service provider from the segment of corporate financing. Especially SMEs (small and medium-sized enterprises) as well as companies with a high growth curve should be given access to conventional financing and subordinated capital by investors. For this purpose, the financing projects are presented on the crowdinvesting and crowd lending platform. Investors will be able to understand the business model and purpose of the financing and can invest as little as 100 euros. The Fintech was founded in 2015 and is based in Berlin.