Guarantees from Bürgschaftsbank Thüringen – BBT express

Bürgschaftsbank Thüringen GmbH supports small and medium-sized enterprises (SMEs) and members of the liberal professions who invest in Thuringia and can demonstrate at least three years of business activity. The goal is to increase or secure the competitiveness of companies through rapid credit guarantees.

The program supports all types of new loans that serve to increase or secure competitiveness, including investments, working capital, development costs, and market entry. It covers a wide range of project phases, from experimental development to commercialization, and targets the general economy, with certain costs and projects excluded.

Funding is provided in the form of a deficiency guarantee, which can cover up to 70 percent of the loan amount and a maximum of 250,000 Euros. The term of the guarantee is up to 15 years, for construction measures up to 23 years, with possibilities for grace periods for repayment.

The application is submitted through the applicant's principal bank (Hausbank) and is subject to strict conditions, particularly the obligation to disclose financial circumstances and provide the best possible collateral. The program is bound by state aid regulations of the European Commission, and there are specific rules for managing the guaranteed loan and realizing collateral.

The application procedure for the BBT express guarantee is carried out through the applicant's principal bank. This bank forwards the application to Bürgschaftsbank Thüringen GmbH, which checks the creditworthiness and determines compatibility with economic development objectives.

The BBT express guarantee is based on the General Guarantee Terms for Loans (ABB-Kredit) of the German guarantee banks, which have been in force since October 1, 2023. These provisions regulate the framework conditions for assuming guarantees and can be viewed on the website of Bürgschaftsbank Thüringen GmbH and in its business premises.