Brandenburg State Guarantees for Businesses and Liberal Professions
The State of Brandenburg offers guarantees for commercial enterprises, commercial business establishments, and members of liberal professions. These guarantees secure loans for investments and working capital when insufficient other collateral is available. The program promotes economic development in Brandenburg and facilitates access to necessary liquidity.
Who is funded?
The State of Brandenburg supports commercial enterprises, commercial business establishments, and members of liberal professions with business premises in Brandenburg. The funding is aimed at projects that are economically worthy of support and seeks to secure the financing of investments and working capital through guarantees.
What is funded?
The program supports the securing of loans for investments and working capital. Both the purpose and the type of expenditures to be financed are precisely defined. The funding is aimed at supporting projects in specific development phases.
Type and Scope of Funding
The state guarantee is provided as a deficiency guarantee to secure loans. The maximum guarantee share is generally 80 percent of the loan, with specific terms applying to different loan types.
Conditions and Requirements
Specific conditions apply for the granting of a state guarantee regarding application submission, loan security, and compliance with EU state aid regulations. Adequate collateral must be provided and reporting obligations fulfilled.
Application Procedure
The application for a state guarantee is submitted via the lending institution to the State's authorized agent. The procedure includes a risk assessment, evaluation by various ministries, and a final decision by the State Guarantee Committee and the Ministry of Finance and for Europe.
Legal Basis
The guarantees of the State of Brandenburg are based on a specific guideline from the Ministry of Finance and for Europe. This guideline sets out the general and special requirements, as well as the procedures for the granting and administration of the guarantees.
Similar Programs
No similar programs found.
Funding Overview
Funding Status:
Open
Maximum Amount:
Maximum 80% of the loan
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Demand Driven Scheme
Region:
Brandenburg (Germany)
Sectors:
Other
Beneficiaries:
Commercial enterprises, other commercial business establishments, and members of liberal professions
Application Type:
Single Applicant
Funding Stages:
Planning, Implementation
Funding Provider
Program Level:
Regional
Funding Body:
Ministry of Finance and for Europe
Managed By:
KPMG AG Wirtschaftsprüfungsgesellschaft
Additional Partners:
Ministry for Economic Affairs, Labor and Energy, Ministry for Social Affairs, Health, Integration and Consumer Protection, Ministry for Agriculture, Environment and Climate Protection, Credit Industry, local Chambers of Industry and Commerce or Chambers of Crafts