Default Guarantees from Bürgschaftsbank Bayern - Special Program BBB fit Closed
The special program BBB fit is a pilot project by Bürgschaftsbank Bayern and the Chamber of Skilled Crafts (HWK) Lower Bavaria-Upper Palatinate. It facilitates access to loans for small and medium-sized craft businesses in Lower Bavaria and Upper Palatinate through default guarantees. The aim is to promote business start-ups, growth, consolidation, and working capital financing.
Who is funded
The special program BBB fit is aimed at small and medium-sized craft businesses with their headquarters or investment location in Lower Bavaria and Upper Palatinate. The goal is to facilitate access to bank loans for these companies and support them in their business development.
What is funded
The BBB fit program supports a variety of projects for small and medium-sized craft businesses that are financed by loans. This includes classic financing purposes such as business start-ups and growth financing, as well as specific needs such as consolidation projects and working capital financing.
Type and Scope of Funding
The special program BBB fit offers financial support in the form of default guarantees. There is no fixed maximum guarantee amount, but the liability ratio of Bürgschaftsbank Bayern is limited. Additionally, supported businesses receive a consulting voucher.
Conditions and Requirements
The allocation of default guarantees within BBB fit is tied to certain conditions. Both applicants and the projects to be financed must meet specific criteria to be eligible for funding.
Application Procedure
The application procedure for default guarantees within the special program BBB fit is clearly structured. Applications are submitted via the craft business's house bank to Bürgschaftsbank Bayern. Additional information is available from the Chamber of Skilled Crafts.
Legal Basis
The special program BBB fit of Bürgschaftsbank Bayern is based on a leaflet that defines the framework conditions and objectives of the pilot project.
Funding Overview
Maximum Amount:
The maximum guarantee amount is not fixed. The guarantor's liability must not exceed 80% of the loan amount (70% for working capital financing).
Award Channel:
Demand Driven Scheme
Region:
Lower Bavaria, Upper Palatinate (Germany)
Sectors:
Other
Beneficiaries:
Craft businesses
Funding Stages:
Market Introduction, Scaling, Process Optimization, Implementation
Funding Provider
Program Level: Regional
Funding Body: Bürgschaftsbank Bayern GmbH, Chamber of Skilled Crafts Lower Bavaria-Upper Palatinate
Managed By: Bürgschaftsbank Bayern GmbH
Website: Bürgschaftsbank Bayern