Guarantee without Bank (BoB)

The "Guarantee without Bank" (BoB) is aimed at start-ups, small and medium-sized enterprises (SMEs), and freelancers who wish to invest in Saxony-Anhalt and have difficulties obtaining standard bank collateral. The program aims to replace missing or insufficient loan collateral, thereby enabling the financing of important entrepreneurial projects.

The "Guarantee without Bank" supports a wide range of entrepreneurial projects, including start-ups, investments, and working capital. The guarantee covers a large part of the loan amount but explicitly excludes certain cost types such as interest or commissions. The program focuses on securing loans in various project phases, from inception to expansion.

Funding is provided in the form of a default and maximum amount guarantee. The guarantee can cover up to 80 percent of the loan amount and is limited to a maximum of 400,000 euros per company. It is a temporary guarantee, flexibly adapted to the terms of the loans to be secured.

Specific legal, administrative, and operational conditions apply to the application for and receipt of the "Guarantee without Bank" (BoB). This includes application requirements, EU state aid law regulations, certain budget restrictions regarding non-guaranteeable costs, and comprehensive information and due diligence obligations for borrowers and house banks.

The application for the "Guarantee without Bank" (BoB) is submitted directly to Bürgschaftsbank Sachsen-Anhalt GmbH. The Bürgschaftsbank conducts an initial assessment of the project, and the house bank is responsible for assessing creditworthiness. The entire process requires the provision of comprehensive documentation and compliance with reporting and information obligations, especially for digital submission.

The "Guarantee without Bank" (BoB) is governed by the General Guarantee Terms for Loans (ABB) of the German guarantee banks and is furthermore bound by important overarching regulations such as the German Banking Act and EU state aid law. These legal bases ensure the legitimacy and framework conditions of the funding program. Official texts are accessible online and at the premises of Bürgschaftsbank Sachsen-Anhalt.