Guarantees and Participations – BBT/MBG kombi
If you, as a start-up or an established company, require collateral for financing your project, you may be eligible for funding through a combination of guarantees and silent partnerships under certain conditions. This program supports companies with weak equity capital that do not have sufficient standard bank collateral.
Who is funded?
The BBT/MBG kombi program targets start-ups and existing small and medium-sized enterprises in Thuringia who wish to compensate for a lack of standard bank collateral for their financing. The aim is to promote start-ups, acquisitions, investments, and working capital to strengthen medium-sized businesses in the region.
What is funded?
The BBT/MBG kombi program supports a wide range of projects for start-ups and existing companies in Thuringia. This includes investments in tangible assets, working capital, development and market entry costs, as well as measures for business succession. Refinancing and restructuring projects are excluded.
Type and Scope of Funding
The BBT/MBG kombi program offers a combination of guarantee and silent partnership for financing projects up to €500,000. The guarantee covers up to 80% of the loan amount, up to a maximum of €250,000, complemented by a silent partnership of also up to €250,000. The maximum term is 10 years.
Conditions and Requirements
To receive BBT/MBG kombi funding, certain legal and operational conditions must be met. These include the applicant's creditworthiness, the company's location in Thuringia, and the exclusion of refinancing or restructuring projects. The program is also subject to the state aid provisions of the European Commission and specific obligations for borrowers and house banks.
Application Process
The application for BBT/MBG kombi funding is submitted via Bürgschaftsbank Thüringen GmbH or Mittelständische Beteiligungsgesellschaft Thüringen mbH. The process includes a creditworthiness check by the house bank and the Bürgschaftsbank, resulting in a remunerated business management agreement. The guarantee only becomes effective after all conditions are met.
Legal Basis
The BBT/MBG kombi funding is based on the General Guarantee Conditions for Loans (ABB-Kredit) of the German guarantee banks, which define the guidelines for granting default and maximum amount guarantees. The program is also subject to the state aid provisions of the European Commission and is partially counter-guaranteed by the federal and state governments.
Similar Programs
Funding Overview
Funding Status:
Open
Maximum Amount:
€500,000
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Individual Aid
Region:
Thüringen (Germany)
Sectors:
Other
Application Type:
Single Applicant
Funding Stages:
Market Introduction, Implementation, Product Development, Scaling, Process Optimization, Commercialization
Funding Provider
Program Level:
Regional
Funding Body:
Bürgschaftsbank Thüringen GmbH, Mittelständische Beteiligungsgesellschaft Thüringen mbH
Managed By:
Bürgschaftsbank Thüringen GmbH, Mittelständische Beteiligungsgesellschaft Thüringen mbH
Website: