Guarantees from Bürgschaftsbank Mecklenburg-Vorpommern – BMV express
The BMV express guarantee from Bürgschaftsbank Mecklenburg-Vorpommern enables small and medium-sized enterprises (SMEs) and freelancers to access loans when sufficient collateral is not available. This indemnity guarantee, covering up to 70 percent of the loan amount, is characterized by fast approval within 72 hours and covers investments, inventories, working capital, and sureties. It is a crucial instrument for SME promotion in Mecklenburg-Vorpommern.
Who is funded?
The BMV express guarantee is aimed at small and medium-sized enterprises (SMEs) in the commercial sector as well as freelancers. The goal is to replace missing or insufficient loan collateral, thereby supporting SME financing in Mecklenburg-Vorpommern. Funding is tied to specific company characteristics and the location of the investment.
What is funded?
The BMV express guarantee secures loans for a variety of business purposes, including investments, inventories, working capital, and sureties. However, there are clear exclusions for certain projects and types of financing that are not guaranteed.
Type and Scope of Funding
The BMV express guarantee is an indemnity guarantee that secures a significant portion of the loan amount. It is tied to specific minimum and maximum amounts and offers flexible terms that are oriented towards the type of project.
Conditions and Requirements
In addition to the general eligibility criteria, the BMV express guarantee is subject to further legal, financial, and operational conditions. These include due diligence obligations for borrowers and house banks, as well as compliance with EU state aid regulations.
Application Procedure
The application for the BMV express guarantee is submitted digitally via the house bank and is designed for speed to enable rapid approval.
Legal Basis
The BMV express guarantee is based on the General Guarantee Conditions for Loans (ABB-Kredit) of the German Bürgschaftsbanken. Its implementation is also subject to various national and European legal requirements.
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Funding Overview
Funding Status:
Open
Maximum Amount:
EUR 437,500
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Demand Driven Scheme
Region:
Mecklenburg-Vorpommern (Germany)
Application Type:
Single Applicant
Funding Stages:
Implementation, Other
Funding Provider
Program Level:
Regional
Funding Body:
Bürgschaftsbank Mecklenburg-Vorpommern GmbH (BMV)
Managed By:
Bürgschaftsbank Mecklenburg-Vorpommern GmbH (BMV)
Additional Partners:
Federal Republic of Germany (Counter-guarantor), State of Mecklenburg-Vorpommern (Counter-guarantor)