Default Guarantees from Bürgschaftsbank Saarland
Bürgschaftsbank Saarland offers default guarantees for small and medium-sized enterprises (SMEs) and start-ups in Saarland. This program facilitates the financing of projects such as business formations, expansions, and modernizations by replacing missing or insufficient credit collateral with banks. It is crucial support to secure the competitiveness of small and medium-sized businesses.
Who is supported?
The Bürgschaftsbank Saarland program targets small and medium-sized enterprises (SMEs), start-ups, and certain cooperatives and property developers in Saarland. The aim is to support companies that do not have sufficient collateral for bank loans.
What is supported?
Bürgschaftsbank Saarland's program supports a variety of projects, including investments and working capital. Specific industries and project phases are addressed, with a focus on business development and securing competitiveness.
Type and Scope of Funding
The program offers default guarantees that can cover up to 80% of the loan amount, with a maximum funding limit of 1.25 million Euros. The guarantee durations vary depending on the intended use.
Conditions and Requirements
For the use of default guarantees from Bürgschaftsbank Saarland, specific requirements apply regarding creditworthiness, economic viability of the project, and compliance with state aid regulations. Provisions regarding the provision of collateral and cooperation with the house bank must also be observed.
Application Process
The application process for default guarantees from Bürgschaftsbank Saarland is digitized and carried out via the house bank or a leasing company. After submission and review by the Bürgschaftsbank, an approval committee decides on the assumption of the guarantee.
Legal Basis of Funding
Default guarantees from Bürgschaftsbank Saarland are based on the General Guarantee Terms and Conditions for Loans (ABB) of German Bürgschaftsbanken. These guidelines define the purpose, scope, and conditions of the guarantees and regulate the cooperation between the Bürgschaftsbank, the house bank, and the borrower.
Similar Programs
Funding Overview
Funding Status:
Open
Maximum Amount:
1.250.000 €
Deadline:
Always Open
Open Until:
Ongoing
Award Channel:
Demand Driven Scheme
Region:
Saarland (Germany)
Sectors:
Consumer Goods Industry, Service Sector, Tourism, Construction and Building Materials
Application Type:
Single Applicant
Funding Stages:
Market Introduction, Scaling, Process Optimization
Funding Provider
Program Level:
Regional
Funding Body:
Bürgschaftsbank Saarland GmbH (BBS)
Managed By:
Bürgschaftsbank Saarland GmbH (BBS)
Additional Partners:
House banks, Leasing companies, Federal Republic of Germany (counter-guarantee), Saarland (counter-guarantee)
Website: