Guarantees from BBB Bürgschaftsbank zu Berlin-Brandenburg – BBBsocial
The BBBsocial program by BBB Bürgschaftsbank zu Berlin-Brandenburg offers guarantees for public-benefit oriented companies, sole proprietors, and freelancers in Berlin. It targets those who require loan financing for their projects but lack sufficient collateral, thereby fostering the establishment and growth of social enterprises in the market.
Who is Funded: Target Groups and Program Focus
The BBBsocial program targets public-benefit oriented small and medium-sized enterprises (SMEs) as well as sole proprietors and freelancers based in Berlin. The focus is on social enterprises that create verifiable social or ecological added value through their business activities and uphold the principles of co-determination and transparency.
What is Funded: Projects and Sectors
The BBBsocial program supports a variety of projects aimed at creating social, ecological, or socially beneficial added value. This includes investments in operating capital, start-ups, acquisitions, and expansions.
Type and Scope of Funding: Financial Conditions
The BBBsocial program offers guarantees to facilitate loan access for social enterprises. The guarantee amount can be up to 1.25 million Euros and covers a maximum of 80 percent of the loan amount, subject to De minimis regulations.
Conditions and Requirements: Eligibility Criteria and Obligations
To participate in the BBBsocial program, applicants must meet certain legal and organizational requirements. These include criteria for corporate structure, profit utilization, and revenue shares from market activity, as well as adherence to the De minimis rule. Certain companies are excluded from funding.
Application Process: Procedure and Selection
The application process for BBBsocial allows for flexible submission, either directly to BBB Bürgschaftsbank or in cooperation with a credit institution. The exact details are laid out in the General Guarantee Terms and Conditions of BBB.
Legal Basis: Authorization and Governing Regulations
The BBBsocial program is established by a leaflet of the State of Berlin and is subject to a series of budgetary and state aid regulations. This ensures formal validity and compliance with EU state aid rules.
Similar Programs
No similar programs found.
Funding Overview
Funding Status:
Open
Maximum Amount:
Up to 1,250,000 € and a maximum of 80 percent of the loan amount
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Demand Driven Scheme
Region:
Berlin (Germany)
Sectors:
Social Enterprises, Environmental and Climate Protection
Beneficiaries:
Small and medium-sized enterprises (SMEs), sole proprietors, freelancers with a social orientation.
Application Type:
Single Applicant
Funding Stages:
Feasibility Study, Market Introduction, Product Development, Process Optimization, Scaling, Implementation
Funding Provider
Program Level:
Regional
Funding Body:
State of Berlin, represented by the Senate Department for Economics, Energy and Public Enterprises
Managed By:
BBB Bürgschaftsbank zu Berlin-Brandenburg GmbH