Guarantee without Bank (BoB)

The "Guarantee without Bank" program in Hesse is aimed at small and medium-sized enterprises (SMEs) and freelancers with their registered office or investment location in Hesse. It serves to support business start-ups, active participations, business acquisitions, expansions, or the financing of investments and working capital, particularly when standard banking collateral is insufficient.

The "Guarantee without Bank" program covers a wide range of external capital requirements for companies and start-ups. It supports both initial phases such as start-ups and acquisitions, as well as the development and expansion of existing businesses through investments in fixed assets and the securing of working capital.

The program offers default and maximum amount guarantees to cover missing loan collateral. The amount of the guarantee varies depending on the project and company age, while the maximum eligible external capital requirement provides specific limits for start-ups and existing companies.

The program is subject to specific legal and operational conditions that apply to both applicants and house banks. These include application requirements, compliance with state aid regulations, and comprehensive information and due diligence obligations to ensure the proper processing and monitoring of guarantee commitments.

The application for a guarantee is made directly to Bürgschaftsbank Hessen GmbH, which conducts an initial review and issues the guarantee declaration before negotiations with the house bank begin. This simplifies the process for applicants, as the guarantee commitment is available before the final loan negotiation with the house bank.

The "Guarantee without Bank" program is based on the General Guarantee Terms and Conditions (ABB-Kredit 2.0) of the German Bürgschaftsbanken. It also integrates the state aid regulations of the European Commission and relevant national laws that are essential for the proper processing and monitoring of guarantee commitments.