Guarantees of the Free Hanseatic City of Bremen (State Guarantees)
The "Guarantees of the Free Hanseatic City of Bremen" offer companies, freelancers, and non-profit organizations the opportunity to secure loans for investments, working capital, refinancing, or restructuring. This program by Bremer Aufbau-Bank closes the gap for lacking banking collateral, thus promoting economically desirable projects in the state of Bremen.
Who is funded?
The guarantees of the Free Hanseatic City of Bremen are aimed at a wide range of commercial enterprises, freelancers, and non-profit organizations. The goal is to promote economically desirable projects in the interest of the State of Bremen, especially when sufficient banking collateral for loans is not available.
What is funded?
Various projects are funded through the securing of loans used for investments, working capital, refinancing, consolidations, and restructuring measures. This also includes guarantees and other collateral to support companies in different phases.
Type and Extent of Funding
The guarantees are provided in the form of guarantees or indemnities. They can cover up to 80 percent of the loan or default, with Bremer Aufbau-Bank assuming guarantees from 1.25 million Euros. The term of the guarantee is limited and should not exceed 15 years.
Conditions and Requirements
The granting of guarantees is linked to specific legal, economic, and procedural conditions that must be met by applicants and lending institutions. These include creditworthiness, the provision of collateral, and compliance with EU state aid rules, especially the De-minimis Regulation. Cooperation with Bremer Aufbau-Bank (BAB) and continuous reporting obligations are essential.
Application Procedure
The application procedure for the Bremen State Guarantees is handled through the applicant's lending institution. Bremer Aufbau-Bank (BAB) is responsible for the examination and decision, with a thorough review of the economic circumstances and Bremen's economic interests.
Legal Basis
The state guarantees are based on specific guidelines of the Free Hanseatic City of Bremen, which regulate the assumption of guarantees, indemnities, and other collateral. These guidelines ensure compliance with EU state aid law and the State Budget Code.
Similar Programs
Funding Overview
Funding Status:
Open
Maximum Amount:
up to 80 percent of the loan or default
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Demand Driven Scheme
Region:
Bremen (State and City of Bremen)
Sectors:
Other
Beneficiaries:
Commercial enterprises, freelancers, associations, non-profit organizations
Application Type:
Single Applicant
Funding Stages:
Implementation, Process Optimization, Scaling, Commercialization, Other
Funding Provider
Program Level:
Regional
Funding Body:
Free Hanseatic City of Bremen
Managed By:
Bremer Aufbau-Bank GmbH (BAB)
Additional Partners:
Lending institutions, Senator for Finance, Senator for Economy, Labour and Ports (currently Senator for Economy, Labour and Europe), Senate Chancellery, Audit Office of the Free Hanseatic City of Bremen