Data Analytics report
Funding Traunsee Escape
Decision-ready funding and debt-structure analysis for the first 24 months.
Executive Summary
- The €50k savings contribution solves the numeric equity test. It equals 41.9% of the current €119.4k investment budget, comfortably above the 25% minimum, provided it is documented as permanent equity in Renner Interaktiv GmbH.
- The Target now separates ventilation from temperature control. It carries €17.5k for hall-to-room fresh-air ventilation and €17.5k for five-zone multi-split heating/cooling; both remain unquoted and authority/heat-load dependent.
- A 50/50 spouse split is possible only if both spouses qualify. The current guideline allows one or more qualifying founders to hold the required majority together, but the husband's Airbnb history makes his status uncertain.
- Use wife 51% / husband 49% as the provisional application structure. This is the smallest departure from equality and lets the wife satisfy the majority test alone if OeHT accepts her qualifications, actual management role and future-livelihood plan; 60/40 is a fallback, not a larger grant.
- Keep deployed funding at €200k: €50k equity plus €150k borrowed directly by Renner Interaktiv GmbH. The illustrative split facility preserves €27.5k minimum cash before any grant, but a months 25–36 livelihood bridge is still required.
The couple can share ownership, but the qualifying majority must be robust
The March 2026 guideline now allows one or more qualifying founders to hold more than 50% together. That means 50/50 is not automatically excluded if both spouses pass the founder-history, management, qualification and livelihood tests.
The husband's wholly owned IT company has offered an Airbnb. OeHT's test is economic self-employment in tourism or leisure during the preceding three years, which is broader than simply asking whether a separate tourism trade licence existed. Tourist accommodation can remain an economic activity even when it falls outside the Gewerbeordnung, so this is a real eligibility risk rather than a technicality.
The wife has no current employment, cooking-school education and accounting experience. Those are favorable facts, but she must actually lead a substantial part of Renner Interaktiv GmbH and exercise the company-law and trade-law management. If she owns 51% with ordinary voting rights, her eligibility can stand independently of the husband's Airbnb ruling.
Ownership structures and grant risk
| # | Personal ownership | Current grant view | Decisive issue | Recommendation |
|---|---|---|---|---|
| 1Source: Reviewed spouse-ownership comparison rows | Wife 50% / husband 50% | Possible only if both spouses qualify | Husband's Airbnb status is unresolved; wife alone has exactly 50% | Do not rely on this before written clearance |
| 2Source: Reviewed spouse-ownership comparison rows | Wife 51% / husband 49% | Potentially eligible through wife alone | Wife must satisfy management, qualification and future-livelihood tests | Recommended provisional application structure |
| 3Source: Reviewed spouse-ownership comparison rows | Wife 60% / husband 40% | Potentially eligible through wife alone | Same eligibility as 51/49, with a clearer control margin | Conservative fallback; no extra grant value |
| 4Source: Reviewed spouse-ownership comparison rows | Husband 51% or 60% | High risk until OeHT clears Airbnb history | Airbnb through his wholly owned company may count as recent tourism self-employment | Avoid as the application basis for now |
Building services now have two controlled budgets
The former combined HVAC allowance has been replaced by €15kSource: Traunsee Escape heating, cooling and ventilation plan–€20kSource: Traunsee Escape heating, cooling and ventilation plan net for fresh-air ventilation and CO₂ controls plus €15kSource: Traunsee Escape heating, cooling and ventilation plan–€20kSource: Traunsee Escape heating, cooling and ventilation plan net for multi-split heating and cooling. The Target uses €17.5kSource: Traunsee Escape heating, cooling and ventilation plan for each; Base uses €20kSource: Traunsee Escape heating, cooling and ventilation plan for each; Downside uses €25kSource: Traunsee Escape heating, cooling and ventilation plan for each. This lowers Target capex by €5kSource: Traunsee Escape heating, cooling and ventilation plan while making the scope testable against separate contractor quotes.
The air concept is outside → high-window hall supply → acoustically attenuated room transfers → balanced extract outdoors, carrying 700Source: Traunsee Escape heating, cooling and ventilation plan–800 m³/h for the three core rooms and 1,050Source: Traunsee Escape heating, cooling and ventilation plan–1,200 m³/h with the party room. Two multi-split outdoor systems serve five indoor guest-area zones. Neither concept is approved or quoted yet.
Lower leverage plus subsidised debt can preserve the reserve
The operating Target case reaches a €32.3k minimum cash balance before debt service. The comparison keeps deployed funding at €200k and limits initially drawn debt to €150k. The first five rows test a 5.5% ordinary loan; the final row combines the current 1.875% erp founder rate with a smaller 5.5% working-capital tranche.
| Debt structure | Minimum cash | Month-24 cash | 24-month debt service | Reserve shortfall |
|---|---|---|---|---|
| €150k: 10-year amortising from month 1 | 10,419.64 € | 15,453.98 € | 39,069.46 € | 9,580.36 € |
| €150k: 15-year amortising from month 1 | 16,051.41 € | 25,108.44 € | 29,415 € | 3,948.59 € |
| €150k: 12 months interest-only, then 10-year amortisation | 21,704.37 € | 26,738.71 € | 27,784.73 € | 0 € |
| €150k: 12 months interest-only, then 15-year amortisation | 22,508.91 € | 31,565.94 € | 22,957.5 € | 0 € |
| €150k: 24 months interest-only at 5.5% | 23,376.47 € | 38,023.44 € | 16,500 € | 0 € |
| €106k erp + €44k working capital: 24 months interest-only | 27,539.17 € | 45,708.44 € | 8,815 € | 0 € |
So what: immediate amortisation still fails the reserve test, while 12 or 24 months of principal grace now passes it. The split erp/working-capital package with 24 months of principal grace leaves about €27.5k minimum cash and €45.7k at month 24. The grant is upside rather than the mechanism needed to survive the trough.
Debt-service sensitivity
| Structure | Monthly during grace | Monthly after grace | 24m debt service | Minimum cash | Cash needed for €20k reserve |
|---|---|---|---|---|---|
| €106k erp + €44k working capital: 24 months interest-only | 367.29 €Source: Reviewed loan-sensitivity result rows | 1,446.94 €Source: Reviewed loan-sensitivity result rows | 8,815 €Source: Reviewed loan-sensitivity result rows | 27,539.17 €Source: Reviewed loan-sensitivity result rows | 0 €Source: Reviewed loan-sensitivity result rows |
| €150k: 24 months interest-only at 5.5% | 687.5 €Source: Reviewed loan-sensitivity result rows | 1,627.89 €Source: Reviewed loan-sensitivity result rows | 16,500 €Source: Reviewed loan-sensitivity result rows | 23,376.47 €Source: Reviewed loan-sensitivity result rows | 0 €Source: Reviewed loan-sensitivity result rows |
| €150k: 12 months interest-only, then 15-year amortisation | 687.5 €Source: Reviewed loan-sensitivity result rows | 1,225.63 €Source: Reviewed loan-sensitivity result rows | 22,957.5 €Source: Reviewed loan-sensitivity result rows | 22,508.91 €Source: Reviewed loan-sensitivity result rows | 0 €Source: Reviewed loan-sensitivity result rows |
| €150k: 12 months interest-only, then 10-year amortisation | 687.5 €Source: Reviewed loan-sensitivity result rows | 1,627.89 €Source: Reviewed loan-sensitivity result rows | 27,784.73 €Source: Reviewed loan-sensitivity result rows | 21,704.37 €Source: Reviewed loan-sensitivity result rows | 0 €Source: Reviewed loan-sensitivity result rows |
| €150k: 15-year amortising from month 1 | 1,225.63 €Source: Reviewed loan-sensitivity result rows | 1,225.63 €Source: Reviewed loan-sensitivity result rows | 29,415 €Source: Reviewed loan-sensitivity result rows | 16,051.41 €Source: Reviewed loan-sensitivity result rows | 3,948.59 €Source: Reviewed loan-sensitivity result rows |
| €150k: 10-year amortising from month 1 | 1,627.89 €Source: Reviewed loan-sensitivity result rows | 1,627.89 €Source: Reviewed loan-sensitivity result rows | 39,069.46 €Source: Reviewed loan-sensitivity result rows | 10,419.64 €Source: Reviewed loan-sensitivity result rows | 9,580.36 €Source: Reviewed loan-sensitivity result rows |
Public support has a realistic €15k–€19k core case
If the young-founder and financing conditions are met, the combined federal and Upper Austrian grant is the main non-repayable prize: roughly €15.0k–€15.9k on the current preliminary eligible-cost base. NeuFöG and small WKO advisory grants could add roughly €1.8k–€3.3k.
If the young-founder route fails, the separate Upper Austrian 5% programme may be worth about €5.0k–€5.3k, but the project's accepted costs sit close to its €100k minimum. Used assets, small invoices and non-activated founder-build costs can push the application below that line. The 5% and 15% tourism grants should be treated as alternatives, not stacked on the same costs.
Public support routes
| # | Route | What to hope for | Confidence | Decisive gate |
|---|---|---|---|---|
| 1Source: Reviewed public-support comparison rows | Combined OeHT + OÖ young-founder grant | €15.0k–€15.9k non-repayable | Best case, conditional | >50% bank finance, ≥25% genuine equity, founder tests, apply first |
| 2Source: Reviewed public-support comparison rows | OÖ tourism SME investment grant | €5.0k–€5.3k non-repayable | Fallback route | At least €100k accepted cost and no OeHT route on the same project |
| 3Source: Reviewed public-support comparison rows | NeuFöG | About €1.0k payroll relief + formation fees | Likely if founder-history test passes | Correct pre-filing certificate and no comparable recent activity |
| 4Source: Reviewed public-support comparison rows | WKO OÖ advisory support | €750–€2.25k across genuinely separate advice | Small but practical | Apply before consultation; no duplicate cost claims |
| 5Source: Reviewed public-support comparison rows | Tourism incubator | €10k stretch case | Low for a conventional venue | Core concept must be innovative, scalable and difficult to copy |
A €50k / €150k package is the strongest structure to test
Contribute the full €50k as permanent equity in Renner Interaktiv GmbH, then seek €100k–€106k of erp-tourism credit for accepted activated investment and €44k–€50k of working-capital credit, both borrowed directly by Renner Interaktiv GmbH. Both tranches should target 24 months without principal repayment.
The current 2026 erp founder terms are unusually attractive: 1.875% fixed, one or two years without principal repayment, financing up to 100% of accepted investment cost, and a 0.5% drawdown fee. The potential €15k–€15.9k grant is paid after completion accounting and paid invoices, so it should rebuild the reserve or reduce the expensive tranche rather than finance construction.
Structure to test with the bank and OeHT
| # | Component | Planning amount | Purpose | What must be confirmed |
|---|---|---|---|---|
| 1Source: Reviewed funding-structure rows | Permanent personal cash equity in Renner Interaktiv GmbH | €50k | Meet the genuine-equity test and reduce leverage | Capital versus capital-reserve form with tax/legal advisers |
| 2Source: Reviewed funding-structure rows | Direct Renner Interaktiv GmbH erp-tourism loan | €100k–€106k | Finance accepted activated investment at the subsidised rate | Accepted cost base, rate at approval and 24-month principal grace |
| 3Source: Reviewed funding-structure rows | Direct Renner Interaktiv GmbH working-capital facility | €44k–€50k | Deposit, non-eligible costs and operating runway | Rate, fees, personal collateral and 24-month principal grace |
| 4Source: Reviewed funding-structure rows | Optional undrawn bank headroom | Up to €50k | Backstop a defined capex, timing or demand trigger | Availability period, commitment fee and draw conditions |
| 5Source: Reviewed funding-structure rows | Young-founder grant after completion | €15k–€15.9k additional | Rebuild reserve or reduce the expensive tranche after payment | Eligibility, approval timing and payment timing |
The application also needs a credible year-three livelihood
The guideline defines a qualifying founder as someone intending eventually to live from the new business and flags businesses that are not full-time or cannot cover the founder's livelihood. Household income from the IT company makes two unpaid years feasible, but it does not replace this test.
At the month-24 Target run-rate, cash EBITDA is €1.7kSource: Traunsee Escape 24-month financial model per month. The illustrative split facility's payment after principal grace is €1.4kSource: Traunsee Escape 24-month financial model per month, leaving only about €0.3kSource: Traunsee Escape 24-month financial model before owner pay, social insurance and income tax. The current 24Source: Traunsee Escape 24-month financial model-month model therefore proves startup liquidity, not yet the qualifying founder's future livelihood.
Recommended next steps
- Ask OeHT for a written founder pre-check before any order: disclose the IT company and Airbnb facts; ask whether both spouses qualify at 50/50, whether wife 51% / husband 49% qualifies if only she is the young entrepreneur, and whether both may be company directors while she exercises the trade-law role.
- Ask the bank whether the €200k facility can be partially drawn: target €150k initially, split between €100k–€106k erp investment credit and €44k–€50k working capital, both with 24 months without principal.
- Add a months 25–36 livelihood bridge: set the wife's target owner pay and prove it after post-grace debt service while preserving the €20k reserve.
- Draft the company documents only after the pre-check: use a genuine 51/49 voting split without side agreements that neutralise the wife's majority; use 60/40 only if OeHT or counsel wants a wider control margin.
- Keep grant accounting ring-fenced and do not pre-spend the grant: use eventual proceeds to rebuild the reserve or reduce the expensive tranche.
Further questions
- Is the wife willing to be an actual company-law managing director and the trade-law responsible manager, with a substantial operating role?
- What were the Airbnb's exact operating dates, property setup, services, booking frequency, revenue, tourism-tax treatment and registered business activity?
- What owner pay should the business support from month 25: a cash draw, managing-director remuneration or an employment salary?
- Can the bank's €200k facility be partially drawn, and what are its commitment fee, rate, collateral and grace terms?
- Would the couple keep a genuine 51/49 split through the support retention period if OeHT accepts that structure?
Caveats and assumptions
The spouse-ownership assessment applies the federal guideline in its 31 March 2026 version, but OeHT has not ruled on this family or the Airbnb facts. The WKO accommodation guidance helps show why the activity is risky; it does not decide OeHT's separate economic-self-employment test. Continuing the IT company is not expressly prohibited where it is outside tourism, but the wife-led plan must still be full-time and credibly support her future livelihood.
The 5.5% ordinary rate is a planning sensitivity, not a loan quote. The erp row assumes the current 1.875% founder rate remains available at approval, €106k is accepted, and both facilities allow 24 months without principal. Grant values use a preliminary €100k–€106k accepted-cost range. Equity form, spouse governance, management authority, personal collateral and tax effects require Austrian legal and tax advice.
Sources
- Traunsee Escape 24-month financial model
- Reviewed loan-sensitivity result rows
- Reviewed public-support comparison rows
- Reviewed funding-structure rows
- Reviewed spouse-ownership comparison rows
- Traunsee Escape funding and financing analysis
- OeHT Jungunternehmerförderung
- Land OÖ TOURISMUS.OeHT.Jung
- OeHT erp-Tourismuskredit bis €1m
- aws erp credit terms from January 2026
- Federal young-entrepreneur guideline, version 31 March 2026
- WKO guidance on tourist accommodation classification
- Land OÖ TOURISMUS.KMU.Invest
- OeHT guarantees for bank financing
- Traunsee Escape heating, cooling and ventilation plan