Equity Guarantees from Bürgschaftsbank Bremen

This program is aimed at small and medium-sized commercial enterprises (SMEs) in the state of Bremen that wish to strengthen their equity capital base. The goal is to create or secure sustainably competitive existences by financing investments, innovations, and succession arrangements. Eligible companies must meet certain EU criteria and demonstrate sound profitability and qualified corporate management.

The program promotes investments and strategic measures by SMEs through the provision of equity guarantees. It supports a variety of operational projects but excludes certain financing purposes such as restructuring or debt rescheduling. The type of projects funded ranges from infrastructure investments to innovation projects.

Funding is provided in the form of an equity guarantee by Bürgschaftsbank Bremen. The amount of the guarantee is limited to up to 70 percent of the investment sum, with the maximum investment sum being 400,000 Euros. The guaranteed investment can have a term of up to 10 years.

Specific conditions must be met for applying for and utilizing the equity guarantee. These include requirements for the applicant's profitability and corporate management, regulations for the investment agreement with the private investment company, reporting obligations, and audit rights. Certain financial and operational requirements must also be complied with.

The application for the equity guarantee must be submitted directly to Bürgschaftsbank Bremen GmbH. The procedure involves submitting specific forms and documents, including declarations from the applicant and the involved private investment company. The decision on granting the guarantee is based on an assessment of the company's profitability and the quality of its corporate management.

The program is based on the guidelines for the assumption of equity guarantees by Bürgschaftsbank Bremen GmbH, which are flanked by various superordinate regulations and laws. The guidelines define the framework conditions for assuming guarantees and cooperating with private investment companies.