Guarantees from Bürgschaftsbank Mecklenburg-Vorpommern – BMV Classic

The "BMV Classic Guarantee" program targets small and medium-sized enterprises as well as freelancers whose investment location is in Mecklenburg-Vorpommern. The goal is to enhance or secure the competitiveness of these businesses by replacing or supplementing missing or insufficient loan collateral with a guarantee.

The "BMV Classic Guarantee" program secures various types of loans that are crucial for the business development of small and medium-sized enterprises and freelancers in Mecklenburg-Vorpommern. This includes investments, inventory, working capital, and guarantees that contribute to increasing or securing competitiveness. Restructuring and refinancing loans are excluded from the guarantee.

The "BMV Classic Guarantee" offers financial security in the form of a default and maximum amount guarantee. The guarantee amount ranges between 25,000 EUR and 2,000,000 EUR, with the guarantee rate varying depending on the loan type. The Bürgschaftsbank assumes a large portion of the credit risk for the house banks.

To avail of the BMV Classic Guarantee, specific conditions must be met, affecting both the applicant and the house bank. These include requirements for collateral, compliance with due diligence obligations, and adherence to state aid regulations. Transparency and the provision of information are mandatory throughout the entire duration of the guarantee commitment.

The application process for the BMV Classic Guarantee is straightforward and usually takes place through the applicant's house bank. Online application is also possible. The Bürgschaftsbank examines the creditworthiness and eligibility of the project.

The BMV Classic Guarantee is based on the General Guarantee Conditions for Loans (ABB-Kredit) of the German Bürgschaftsbanken, which form the legal framework for the granting and processing of guarantees. These conditions ensure compliance with the state aid regulations of the European Commission and regulate the rights and obligations of all parties involved.