Guarantees from BBB Bürgschaftsbank zu Berlin-Brandenburg BBB-Express
The BBB-Express is a funding program from the State of Berlin that supports businesses by providing guarantees to secure financing. It aims to enable investments and working capital by covering missing collateral. The program offers a fast and efficient solution for established businesses in Berlin.
Who is funded?
The program targets established companies in the State of Berlin that are planning investments or require working capital and are looking for quick financing security for these purposes. It aims to support small and medium-sized enterprises (SMEs) by replacing or supplementing missing or insufficient loan collateral.
What is funded?
The program supports companies in Berlin in financing specific projects by providing guarantees for replacement and expansion investments, working capital, and the adjustment of inventory. It does not cover costs for refinancing or company restructuring.
Type and Scope of Funding
The BBB-Express program offers financial support in the form of a default guarantee, which covers a significant portion of the loan amount. The amount of the guarantee is limited to a maximum amount per loan to help companies secure their financing.
Conditions and Requirements
Specific legal and organizational conditions apply for utilizing the BBB-Express guarantee. These include requirements for applicants, the nature of cooperation with the house bank, and compliance with state aid regulations.
Application Procedure
The application for the BBB-Express program is submitted via the house bank to BBB Bürgschaftsbank zu Berlin-Brandenburg GmbH. The process involves the careful transmission of documents and a review by the guarantee bank within the framework of state economic promotion.
Legal Basis
The legal basis of the BBB-Express program is primarily the General Guarantee Terms and Conditions for Loans (ABB), supplemented by various legal regulations and internal guidelines. These documents define the framework conditions for granting and managing the guarantees.
Similar Programs
Funding Overview
Funding Status:
Open
Maximum Amount:
€250,000
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Demand Driven Scheme
Region:
Berlin (Germany)
Application Type:
Single Applicant
Funding Stages:
Implementation, Commercialization
Funding Provider
Program Level:
Regional
Funding Body:
State of Berlin, Federal Republic of Germany
Managed By:
BBB Bürgschaftsbank zu Berlin-Brandenburg GmbH