Financing plan

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A financial plan as part of financial planning should be drawn up when companies , public budgets or households make investments that require substantial financing .

General

The financing plan is an outline that contains all acquisition costs including any ancillary costs and financing costs and their financing. The acquisition costs must be compared with the sources of finance with which the capital requirements of an investment are to be fully covered. In addition to internal financing , external financing can also be considered as a source of financing . Both lenders (such as credit institutions ) and development banks (in the case of financial subsidies ) require the submission of a plausible financing plan that may only contain the secure sources of financing (existing loan commitments or subsidy commitments).

content

A financing plan is required from lenders for investment loans , larger consumer loans , real estate financing , business start-ups , special financing or company acquisitions . It must be submitted with the loan application and is part of the lending and loan documents . Based on the financing plan, the lender can get an idea of ​​the overall financing of the investment and assess whether there are any financing risks .

After § 12 para. 1 Second Berechnungsverordnung (II. BV), the funds in the financing plan expel that the coverage of the profitability calculation scheduled total cost to serve, and pre- or interim financing may not be reported as financing. In contrast, personal contributions may be recognized as financing. These are services of the client that serve to cover the total costs, in particular funds , the value of the material and labor , especially the value of the building materials brought in and the self-help , the value of the own building site and the value of the building parts used ( § 15 Paragraph 1 II. BV).

Components of a financing plan

The financing plan basically consists of three basic elements:

  1. Costs : All costs of the property to be financed are listed here.
  2. Equity : They consist of the equity and the own contributions of a possible borrower.
  3. Borrowed capital : All funds required are listed here, which are made available by lenders or granted as a grant .

When building a single-family house , the financing plan contains the following rough breakdown (amounts in euros): 

    Kosten                               Finanzierung
    Grundstückskosten 100.000            Eigenkapital                    184.000
    Baukosten         300.000            Eigenleistung                    15.000
    Nebenkosten        20.000            Fremdkapital                    221.000
                                                Bankkredit      185.000
                                                Bausparkasse     36.000
    Gesamtkosten      420.000            Finanzierung                    420.000

The individual costs and sources of finance must be substantiated to the credit institutions ( land purchase agreement , building contract , real estate transfer tax , notary fees , loan commitments ). In order to ensure on the bank side that the equity capital earmarked for the construction financing is not used for other purposes, the bank can provide for a pledge in the loan agreement until it is used .

In the case of building society loans for which the capital is not yet contractually accessible, banks usually also require a fixed schedule in order to be able to regulate interim financing.

See also

Individual evidence

  1. ↑ Financing plan for business start-ups. In: blkk.de
  2. ↑ Dirk Noosten: The private construction and real estate financing. 2015, p. 198
  3. ↑ Kerry-U. Brauer (Hrsg.): Basics of the real estate economy. 1999, p. 365