Guarantees from Bürgschaftsbank Brandenburg Open
Bürgschaftsbank Brandenburg supports companies and start-ups in Brandenburg by providing guarantees for loans when insufficient collateral is available. This reduces credit risk and enables the financing of investments and working capital. The program is designed to specifically promote the economic development of SMEs and new businesses.
Who is Supported: Target Groups and Geographical Reach
This funding program targets a wide range of companies and individuals in the state of Brandenburg who require additional loan collateral for their projects. It aims to replace or supplement missing or insufficient collateral to enable the financing of investments and working capital. The focus is particularly on promoting small and medium-sized enterprises (SMEs) and supporting business start-ups.
What is Supported: Project Types and Eligible Costs
The funding program supports a variety of projects within the commercial sector by securing the financing of necessary investments and working capital through guarantees. Clear guidelines are defined for eligible and excluded costs, with a focus on realizing projects at various stages of development, from founding to scaling.
Type and Scope of Financing
Bürgschaftsbank Brandenburg offers a default guarantee that can amount to up to 1.25 million euros per project and covers up to 80 percent of the loan. The duration of the guarantee varies depending on the type of project, with commercial construction projects receiving longer coverage.
Conditions and Requirements
Specific legal and operational conditions apply to the use of a guarantee from Bürgschaftsbank Brandenburg. These include requirements for creditworthiness, compliance with state aid regulations, and obligations to disclose financial circumstances and provide collateral. Furthermore, there are clear guidelines for handling the guaranteed loan and communication between the applicant, house bank, and Bürgschaftsbank.
Application Procedure
The application for a guarantee from Bürgschaftsbank Brandenburg is always submitted through the applicant's house bank, which plays a central role throughout the entire process, from credit assessment to monitoring. Bürgschaftsbank examines the project's compatibility with the funding objectives, while the disbursement of the guarantee is subject to specific conditions.
Legal Basis
The basis for the guarantees from Bürgschaftsbank Brandenburg are the General Guarantee Terms and Conditions for Loans (ABB), which define the binding rules for these financial instruments. This is supplemented by other relevant laws and European regulations that form the framework for program implementation.
Funding Overview
Maximum Amount:
€1,250,000
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Demand Driven Scheme
Region:
Brandenburg (Germany)
Sectors:
Other
Beneficiaries:
Start-up & consolidation, corporate finance
Funding Stages:
Feasibility Study, Planning, Market Introduction, Scaling, Commercialization, Implementation
Funding Provider
Program Level: Regional
Funding Body: Bürgschaftsbank Brandenburg GmbH
Managed By: Bürgschaftsbank Brandenburg GmbH
Website: Bürgschaftsbank Brandenburg GmbH