L-Bank Guarantee Program – General Guarantee Open
The L-Bank guarantee program offers essential support to companies and freelancers in Baden-Württemberg when sufficient loan collateral is not available for financing projects. As the state's development bank, L-Bank provides default guarantees for loans granted by commercial banks, thereby enabling investments, business start-ups, business acquisitions, and working capital financing, while also relieving the financial institution.
Who is funded?
The L-Bank guarantee program targets medium-sized enterprises in the commercial sector and members of liberal professions in Baden-Württemberg who do not have sufficient loan collateral for their projects. The aim is to support economically interesting projects in the state.
What is funded?
The L-Bank guarantee program supports a wide range of projects such as investments, business start-ups, and business acquisitions. Financing can cover both tangible and intangible assets, with specific exclusion criteria for certain sectors and project types.
Type and Extent of Financing
The program primarily offers default guarantees to facilitate project financing. The guarantee amount can be up to 15 million Euros, and the term depends on the underlying financing. Commissions and administrative cost surcharges apply to the guarantee.
Conditions and Requirements
Specific EU state aid regulations, as well as formal conditions for the project and the applicant company, apply to the application and utilization of the guarantee. Companies in difficulty are excluded from funding.
Application Procedure
The application for an L-Bank guarantee is submitted via the commercial bank, which forwards it to L-Bank. Early application before the start of the project is crucial, and extensive documentation on the company's financial and operational situation must be submitted. After approval, ongoing reporting and proof of use are required.
Legal Basis
L-Bank's "General Guarantee" is based on an L-Bank leaflet and is legitimized by an administrative regulation of the Ministry of Economic Affairs as well as European state aid regulations such as the GBER and the De minimis Regulation. These documents define the framework conditions and the state aid legal basis of the program.
Funding Overview
Maximum Amount:
€15,000,000
Deadline:
always open
Open Until:
30.06.2027
Award Channel:
Demand Driven Scheme
Region:
Baden-Württemberg
Sectors:
Other
Beneficiaries:
Medium-sized enterprises, liberal professions
Funding Stages:
Market Introduction, Scaling, Process Optimization, Implementation, Other
Funding Provider
Program Level: Regional
Funding Body: L-Bank (Landeskreditbank Baden-Württemberg – Development Bank), Ministry of Economic Affairs Baden-Württemberg
Managed By: L-Bank (Landeskreditbank Baden-Württemberg – Development Bank)
Additional Partners: Bürgschaftsbank Baden-Württemberg (for guarantee amounts up to €2 million)
Website: Landeskreditbank Baden-Württemberg – Förderbank (L-Bank)