Apply online for your
KfW Instant Loan

With your Penta account you are now able to apply for the KfW Instant Loan in just 15 minutes.

KfW Instant Loan – Your benefits

Up to €300,000

Receive a credit amount of max. €300,000, limited to a max. of 25% of your 2019 turnover.

Repayment within 10 years

With a term of 10 years, a grace period of up to two years is granted.

3% interest rate per year

After the grace period, equal quarterly instalments are paid plus interest on the outstanding amount.

Penta Schnellkredit Menschen Soforthilfe

FAST AID FOR YOU

Who the KfW Instant Loan is for

Penta Schnellkredit Menschen Soforthilfe
  • Companies with a max. of 10 employees that have been on the market since at least January 2019 can apply for the KfW Instant Loan.
  • Profit in 2019, or in the total of the years 2017-2019.
  • As an entrepreneur, you can use the KfW Instant Loan for investments and operating resources such as rent, salaries or warehouses.
Lastschriftverfahren Penta wie es funktioniert

HOW IT WORKS

KfW Instant Loan application

Lastschriftverfahren Penta wie es funktioniert
  1. Open a Penta account in 48h
    You apply for a Penta account quickly and completely digitally. We verify your documents and open your new Penta account within 48 hours.
  2. Application (will end on 30.06.2021)
    In the Penta Webapp you will be directed to the application form, which you simply go through online. The loan application is then checked by our other partner Vereinigte Volksbank Raiffeisenbank eG .
  3. Review
    The loan will be sent to the KfW for the final credit decision.
  4. Identification & Signature
    If the credit decision is positive, you will be sent all contract documents. Sign all documents conveniently from home and send them back.
  5. Paying out your credit
    After we receive the signed contract documents, the money will be transferred to your Penta account by our partner Vereinigte Volksbank Raiffeisenbank.

Choose your plan and apply for your KfW Instant Loan

Advanced

Best suited for young companies that are just starting operations and do not have more than a couple of standard payments per month.

9 €
/ mo + VAT
Free trial, cancel any time
Penta Banking
  • German IBAN and current account
  • Mobile App (iOS & Android)
  • 2 Penta account users ? Get your Accountant or Tax Advisor an additional account login to easily do your accounting. Adding additional users above your plan allowance automatically results into an upgrade to our Premium plan.
  • 2 Penta business debit cards ? Get additional company cards for your co-founder(s) or employees to do easy expense management. Adding additional users above your plan allowance automatically results into an upgrade to our Premium plan.
  • Sub accounts ? Open 1 additional sub account as part of your Plan.
  • Cash withdrawals ? Advanced includes 2 monthly cash withdrawals. Each additional cash withdrawal is subject to a small fee of 2.50 €.
  • 100 outgoing SEPA-Transfers/mo ? Includes standing orders and scheduled / recurring transfers in the SEPA-zone. Each additional outgoing transfer above your plan costs 0.20 €. Incoming transfers and EUR card transactions are free and unlimited.
  • Direct Debit payments  ? Let third parties charge your account via SEPA Direct Debit (SDD). Such SDD payments are free and unlimited. Both schemes – SDD Core and SDD B2B – are supported.
  • International payments – 1%  ? Make local or priority payments in foreign currencies thanks to our partner Currencycloud. Non-priority payments via local routes are charged 3.50 € each, while priority payments via the SWIFT network are charged a fee ranging from 15 € to 30 € each depending on the payment type and destination country. We also apply a markup on the traded amount for non-EUR currencies (1% for Advanced Plan, 0.5% for Premium Plan).
  • Batch payments  ? Prepare dozens of payments, group them into a batch and authorise all of them with a single SMS. Batches can also be initiatied by uploading a .csv or .xml file.
  • Unlimited transactions history
  • Loans  ? Easily apply and receive tailored to your needs financing solutions, such as loans, factoring or leasing.
  • Google Pay
PENTA ACCOUNTING & EXPENSES
  • Role and user management
  • Custom notifications
  • Receipt management  ? Easily upload, export and attach a receipt to a transaction.
  • Custom transactions categories (single)
  • Add notes to transactions
  • Accounting integration  ? Sync your transactions automatically with your favorite accounting tool, for instance, sevDesk, CANDIS, BuchhaltungsButler, FastBill, Papierkram or Billomat, so that your accountant can track your expenses and earnings.
  • CSV Export
  • DATEV integrations (Transactions)  ? Sync your transactions with DATEV Unternehmen online, so that your tax accountant can book your expenses and earnings right away.

Premium

Premium is the plan for operating digital and offline businesses with several employees and more complicated payments or book-keeping needs.

19 €
/ mo + VAT
Free trial, cancel any time
Penta Banking
  • German IBAN and current account
  • Mobile App (iOS & Android)
  • 5 Penta account users ? Get additional banking logins for your co-founder(s), accountant(s) or employee(s). Every additional user above your plan allowance is charged with 2 € per month.
  • 5 Penta business debit cards ? Get additional company cards for your co-founder(s) or employees to do easy expense management. Every additional card above your plan allowance is charged with 3 € per card.
  • Sub accounts ? Open up to 4 additional sub accounts as part of your Plan.
  • Cash withdrawals ? Premium includes 3 monthly cash withdrawals for free. Each additional cash withdrawal is subject to a small fee of 2.50 €.
  • 300 outgoing SEPA-Transfers/mo ? Includes standing orders and scheduled / recurring transfers in the SEPA-zone. Each additional outgoing transfer above your plan costs 0.20 €. Incoming transfers and EUR card transactions are free and unlimited.
  • Direct Debit payments & collections  ? Let third parties charge your account via SEPA Direct Debit (SDD). Payments via the SDD Core and SDD B2B schemes are supported and free and unlimited. SDD collections are currently supported via the SDD Core scheme. 0.30 € are charged for each collected Direct Debit. Failed or returned payment collections are charged 3 € each.
  • International payments – 0.5%  ? Make local or priority payments in foreign currencies thanks to our partner Currencycloud. Non-priority payments via local routes are charged 3.50 € each, while priority payments via the SWIFT network are charged a fee ranging from 15 € to 30 € each depending on the payment type and destination country. We also apply a markup on the traded amount for non-EUR currencies (1% for Advanced Plan, 0.5% for Premium Plan).
  • Batch payments  ? Prepare dozens of payments, group them into a batch and authorise all of them with a single SMS. Batches can also be initiatied by uploading a .csv or .xml file.
  • User preparing payments  ? One user can prepare payments and another user can verify and send the payment with the click of a button.
  • Unlimited transactions history
  • Loans  ? Easily apply and receive tailored to your needs financing solutions, such as loans, factoring or leasing.
  • Point-of-sale banking  ? Penta POS: Accept credit, debit and contactless payments in partnership with SumUp. No monthly fee, 49€ (instead of 59€) one-time payment. 0.9% of the revenue of debit card payments, 1.9% of the revenue of credit card payments.
  • Google Pay
  • Chat Support  ? From now on you can ask your questions about our services and features in our chat directly from your account.
  • Coming Soon Virtual Cards
PENTA ACCOUNTING & EXPENSES
  • Role and user management
  • Custom notifications
  • Receipt management  ? Easily upload, export and attach a receipt to a transaction.
  • Custom transactions categories (single)
  • Add notes to transactions
  • Accounting integration  ? Sync your transactions automatically with your favorite accounting tool, for instance, sevDesk, CANDIS, BuchhaltungsButler, FastBill, Papierkram or Billomat, so that your accountant can track your expenses and earnings.
  • CSV Export
  • DATEV integration (Transactions + Receipts)  ? Sync your transactions and uploaded receipts with DATEV Unternehmen online, so that your tax accountant can book your expenses and earnings right away.
  • COMING SOON Custom transactions categories (multiple)
PENTA COMPANY MANAGEMENT
  • Penta Rewards  ? Get access to special curated deals for SMEs – starting with AWS credits for your development up to special conditions for DriveNow.
  • Dedicated Key Account Manager
  • COMING SOON Cashflow Forecasts

Ultimate

Ultimate is our recommendation for bigger companies with more than 60 employees that need a tailored solution. All features are bespoke based on the company’s needs.

Pricing:
PENTA BANKING
  • German IBAN and current account
  • Mobile App (iOS & Android)
  • Penta account users ? Get additional banking logins for your co-founder(s), accountant(s) or employee(s). Every additional user above your defined plan allowance is charged with 2 € per month.
  • Penta business debit cards ? Get additional company cards for your co-founder(s) or employees to do easy expense management. Every additional card above your defined plan allowance is charged with 3 € per card.
  • Sub accounts ? Open up to 4 additional sub accounts as part of your Plan.
  • Cash withdrawals ? Each cash withdrawal above your defined plan allowance is subject to a small fee of 2.50 €.
  • Outgoing SEPA-Transfers/mo ? Includes standing orders and scheduled / recurring transfers in the SEPA-zone. Each additional outgoing transfer above your defined plan costs 0.20 €. Incoming transfers and EUR card transactions are free and unlimited.
  • Direct Debit payments & collections  ? Let third parties charge your account via SEPA Direct Debit (SDD). Payments via the SDD Core and SDD B2B schemes are supported and free and unlimited. SDD collections are currently supported via the SDD Core scheme. 0.30 € are charged for each collected Direct Debit. Failed or returned payment collections are charged 3 € each.
  • International payments  ? Make local or priority payments in foreign currencies thanks to our partner Currencycloud. Non-priority payments via local routes are charged 3.50 € each, while priority payments via the SWIFT network are charged a fee ranging from 15 € to 30 € each depending on the payment type and destination country. We also apply a small markup on the traded amount for non-EUR currencies.
  • Batch payments  ? Prepare dozens of payments, group them into a batch and authorise all of them with a single SMS. Batches can also be initiatied by uploading a .csv or .xml file.
  • User preparing payments  ? One user can prepare payments and another user can verify and send the payment with the click of a button.
  • Unlimited transactions history
  • Loans  ? Easily apply and receive tailored to your needs financing solutions, such as loans, factoring or leasing.
  • Point-of-sale banking  ? Penta POS: Accept credit, debit and contactless payments in partnership with SumUp. No monthly fee, 49€ (instead of 59€) one-time payment. 0.9% of the revenue of debit card payments, 1.9% of the revenue of credit card payments.
  • Google Pay
  • Chat Support  ? From now on you can ask your questions about our services and features in our chat directly from your account.
  • COMING SOON Virtual Cards
PENTA ACCOUNTING & EXPENSES
  • Role and user management
  • Custom notifications
  • Receipt management  ? Easily upload, export and attach a receipt to a transaction.
  • Custom transactions categories (single)
  • Add notes to transactions
  • Accounting integration  ? Sync your transactions automatically with your favorite accounting tool, for instance, sevDesk, CANDIS, BuchhaltungsButler, FastBill, Papierkram or Billomat, so that your accountant can track your expenses and earnings.
  • CSV Export
  • DATEV integration (Transactions + Receipts)  ? Sync your transactions and uploaded receipts with DATEV Unternehmen online, so that your tax accountant can book your expenses and earnings right away.
  • COMING SOON Custom transactions categories (multiple)
PENTA COMPANY MANAGEMENT
  • Penta Rewards  ? Get access to special curated deals for SMEs – starting with AWS credits for your development up to special conditions for DriveNow.
  • Dedicated Key Account Manager
  • COMING SOON Cashflow Forecasts
  • COMING SOON Monthly legal advice
  • COMING SOON API access
  • COMING SOON Exclusive Penta Founders & Business Club

FAQ

Our partnership with Banxware will end on 30.06.2021. This means that as of 01.07.2021, initial applications can no longer be submitted through our partnership.

Have you already successfully obtained a KfW fast loan through us and are interested in a second loan?

Then you can still submit a confirmatory application via our platform until 30.06.2021. After 01.07.2021, please contact service@corona-schnellkredit.de directly.

If you are interested in a second KfW fast loan, you can still apply for it here via the Penta web app until June 30, 2021.

After the deadline of 01.07.2021, the online application will no longer be available. In case you decide to apply for a second KfW fast loan after this date, we will of course still be there for you! According to KfW regulations, the second application for a KfW fast loan must be submitted to the same bank.

Simply contact us providing your name and the address of your company via service@corona-schnellkredit.de.

In order to be able to apply for the KfW Instant Loan quickly and easily via Penta, you need a Penta account so that the money can be transferred directly to your Penta account in case of a positive credit confirmation from KfW.
Without a Penta account, you cannot use this quick and easy solution.

The Vereinigte Volksbank Raiffeisenbank eG is a German cooperative bank based in Michelstadt and our strong banking partner for the brokerage of KfW quick loans. Although the Corona quick loans are offered by KfW, they cannot be applied for directly from KfW. Applications must be submitted to a KfW licensed commercial bank, which forwards the applications to KfW. For this reason we work with our strong and trustworthy banking partner Vereinigte Volksbanken Raiffeisenbanken eG.

You can combine the instant loan with other subsidies, which were granted within the framework of emergency aid programs (incl. “Corona-Überbrückungshilfen”). The KFW instant loan is not to be combined with the KfW Entrepreneur Loan, the ERP Start-Up Loan – Universal or other financial support from the “Wirtschaftsstabilitätsfonds”.

Please note that our offer is only valid until 30.06.2021. As of 01.07.2021, initial applications can no longer be submitted via Penta and Banxware. However, the KfW offer will remain until the end of the year.

Find out more directly at www.kfw.de.

Banxware’s mission is to make financial services more accessible for German medium-sized companies. As a white-label software provider, Banxware acts completely in the background and forms the bridge between banks and digital platforms so that they can offer their retailers added value through financial services.
Banxware is our official partner and supports us in offering you quick help in times of Corona.

No—the loan application for the KfW Instant Loan through the application process is completely free of charge for you.

You can combine the instant loan with other subsidies, which were granted within the framework of emergency aid programs (incl. “Corona-Überbrückungshilfen”). The KFW instant loan is not to be combined with the KfW Entrepreneur Loan, the ERP Start-Up Loan – Universal or other financial support from the “Wirtschaftsstabilitätsfonds”.

Yes, you can repay parts of the money or the full amount without any prepayment penalty.

You can apply for the KfW instant loan for freelancers, sole-proprietors or companies with up to 10 employees.

You can use the loan to cover any costs related to your business activity. This includes investments (e.g. purchases of machines and equipment) as well as your operating resources (e.g. ongoing costs like rent or salaries).

You can get up to € 300,000 with an interest rate of 3 % p.a. in a term of up to 10 years with 2 years of grace period.

You can apply for the KfW instant loan with a credit volume of up to € 300,000 via Penta. This loan is targeted at freelancers, sole-proprietors and businesses with up to 10 employees. Furthermore, your business has to be active on the market since (at least) 01. January 2019 and needs to proof that it didn’t experience financial difficulties before 31. December 2019.

Open your Penta account and apply for your KfW Instant Loan now.

Free trial – no commitment

If you have further questions, please reach out to Banxware’s email address:

Banxware GmbH
Reinhardtstr. 47, 10117 Berlin
T: +49 30 509 312 0
Email: service@corona-schnellkredit.de

 

Vereinigte Volksbank Raiffeisenbank eG
Darmstädter Str. 62
64354 Reinheim
Telefon: 06162 807 447 0
Telefax: 06162 807 151
E-Mail: service@vvrb.de

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