Default Guarantees from Bürgschaftsbank Bayern – Guarantee without Bank (BoB)

Bürgschaftsbank Bayern's 'Guarantee without Bank (BoB)' targets small and medium-sized enterprises (SMEs) in specific sectors in Bavaria that lack sufficient standard banking collateral for their investments or working capital. The aim is to enable these companies to access necessary financing, thereby securing their economic development and existence.

The 'Guarantee without Bank (BoB)' program supports a wide range of entrepreneurial projects aimed at financing investments and working capital. This includes measures for modernizing and expanding existing businesses, new establishments, and the acquisition of existing companies. However, restructuring and acceptance credits, as well as financing for entertainment businesses, are not funded.

The 'Guarantee without Bank (BoB)' program offers direct default guarantees from Bürgschaftsbank Bayern for loan amounts starting from 25,000 Euros. The guarantee covers up to 80 percent of the loan amount, with an upper limit of 1.25 million Euros. The maximum term of the guarantee varies depending on the project.

Specific legal and financial conditions apply to the application for and granting of a guarantee under the 'Guarantee without Bank (BoB)' program. These include criteria for the project to be financed, requirements for collateral and co-liability, and compliance with European state aid regulations.

The application process for the 'Guarantee without Bank (BoB)' is carried out through the applicant's house bank. Bürgschaftsbank Bayern reviews the applications and decides on the assumption of the guarantee. Specific documents must be submitted, and one-time as well as annual fees apply.

The 'Guarantee without Bank (BoB)' is based on specific guidelines and is subject to EU state aid regulations. This ensures the formal legitimization and regulatory classification of the program.