Guarantees from Bürgschaftsbank Thüringen – BBT classic

With its "BBT classic" program, Bürgschaftsbank Thüringen addresses small and medium-sized enterprises and freelancers who wish to establish their business or realize investment projects in Thuringia. The main goal is to promote SMEs by securing loans when insufficient collateral is available.

The "BBT classic" program supports a wide range of projects that contribute to strengthening and developing businesses, from start-ups to investments and company successions. The guarantee covers the financing of project-related costs but excludes restructuring and debt consolidation projects.

The "BBT classic" program offers default guarantees for loans up to 2 million Euros to companies and freelancers in Thuringia, with up to 80% of the loan amount being secured. Loan terms vary depending on the purpose.

The approval of a guarantee under the "BBT classic" program is subject to specific requirements concerning both the applicant and the loan project. These include the applicant's creditworthiness, compliance with state aid regulations, and the obligation to provide collateral. Furthermore, there are clear rules for cooperation with the house bank and for the proper use of funds.

Applications for a guarantee under the "BBT classic" program are always submitted through the applicant's house bank, which plays a central role in the entire process. The house bank forwards the necessary documents to Bürgschaftsbank Thüringen, which examines the creditworthiness and eligibility of the project.

The guarantees of Bürgschaftsbank Thüringen are based on the General Guarantee Terms for Loans (ABB-Kredit) of the German Bürgschaftsbanken, which are regularly updated. These terms are the central legal basis and are supplemented by other relevant laws and regulations.