Default Guarantees of Bürgschaftsbank Rheinland-Pfalz – Bürgschaft Classic Open
The program "Default Guarantees of Bürgschaftsbank Rheinland-Pfalz – Bürgschaft Classic" helps commercial enterprises and freelancers in Rhineland-Palatinate who cannot secure financing for important projects with sufficient collateral. It enables the assumption of guarantees up to 2 million Euros, covering up to 80 percent of the loan amount, thereby facilitating access to bank loans. Applications are always submitted in cooperation with the house bank.
Who is funded?
Funding through default guarantees from Bürgschaftsbank Rheinland-Pfalz is aimed at commercial enterprises, freelancers, and business founders. Essential requirements include having the company's registered office or a business establishment in Rhineland-Palatinate, as well as fulfilling the EU's SME criteria. The program aims to replace missing or insufficient loan collateral, thereby enabling access to necessary financing.
What is funded?
The default guarantees of Bürgschaftsbank Rheinland-Pfalz can be used for a variety of projects that serve business start-ups, corporate development, and strengthening. This includes investments, working capital financing, and research and development projects in all sectors. However, restructuring loans and refinancing are excluded.
Type and Scope of Funding
Bürgschaftsbank Rheinland-Pfalz offers default and maximum amount guarantees to secure loans. The guarantee amount can be up to 2 million Euros and covers up to 80 percent of the loan amount. For higher guarantee amounts, Investitions- und Strukturbank Rheinland-Pfalz (ISB) is responsible.
Conditions and Requirements
Specific conditions must be met for applying for and implementing the guarantee, including submitting the application through a house bank and providing customary banking collateral. EU state aid regulations also apply. Guarantees are not provided for restructuring or refinancing loans.
Application Procedure
The application procedure for default guarantees from Bürgschaftsbank Rheinland-Pfalz takes place in close cooperation with the house bank or another credit institution. These forward the application to the guarantee bank. Digital application submission is also possible, with the house bank being responsible for compliance with formal requirements.
Legal Basis
The default guarantees of Bürgschaftsbank Rheinland-Pfalz are based on the General Guarantee Conditions for Loans (ABB-Kredit) of the German guarantee banks. These regulations ensure compliance with the state aid regulations of the European Commission and are counter-guaranteed by the federal and state governments.
Funding Overview
Maximum Amount:
€2,000,000
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Demand Driven Scheme
Region:
Rhineland-Palatinate (Germany)
Funding Stages:
Feasibility Study, Product Development, Market Introduction, Basic Research, Applied Research, Experimental Development, Infrastructure, Planning
Funding Provider
Program Level: Regional
Funding Body: Bürgschaftsbank Rheinland-Pfalz GmbH
Managed By: Bürgschaftsbank Rheinland-Pfalz GmbH
Additional Partners: Federal Government (counter-guarantee), State of Rhineland-Palatinate (counter-guarantee)
Website: Bürgschaftsbank Rheinland-Pfalz