Premium Guarantee Open
The Premium Guarantee from the State of Rhineland-Palatinate and Bürgschaftsbank Rheinland-Pfalz enables existing companies, craft businesses, and freelancers to access financing when standard banking collateral is insufficient. It covers up to 50% of the loan amount and can be up to €1 million. The program aims to promote growth and development and is a key instrument for supporting small and medium-sized enterprises in the region.
Who is funded?
The Premium Guarantee in Rhineland-Palatinate is aimed at existing companies, craft businesses, and freelancers with a registered office or place of business in Rhineland-Palatinate. It supports projects for which standard banking collateral is not available to the necessary extent, in order to bridge financing gaps and enable growth.
What is funded?
The Premium Guarantee supports a variety of projects that are crucial for the growth and development of companies in Rhineland-Palatinate. These include investments, working capital, and innovation-related activities that require financial backing where traditional collateral is lacking.
Type and Scope of Funding
The Premium Guarantee offers financial security for loans granted to existing companies in Rhineland-Palatinate. It covers a significant part of the loan amount and is tied to specific terms that vary depending on the purpose.
Terms and Requirements
To be eligible for the Premium Guarantee, applicants and their house bank must meet certain legal, financial, and operational conditions. These range from creditworthiness requirements to specific obligations in loan administration and collateral realization.
Application Process
The application process for the Premium Guarantee is closely linked to the house bank or another credit institution, which forwards the application to Bürgschaftsbank Rheinland-Pfalz. A quick, binding commitment is a significant advantage here.
Legal Basis
The Premium Guarantee is based on the General Guarantee Terms for Loans (ABB-Kredit) of the German guarantee banks and is subject to various overarching legal frameworks that ensure compliance with state aid law and proper processing.
Funding Overview
Maximum Amount:
€1,000,000
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Demand Driven Scheme
Region:
Rhineland-Palatinate (Germany)
Sectors:
Other
Beneficiaries:
Companies, Craft Businesses & Freelancers
Funding Stages:
Market Introduction, Product Development, Experimental Development, Applied Research, Planning, Implementation
Funding Provider
Program Level: Regional
Funding Body: State of Rhineland-Palatinate, Bürgschaftsbank Rheinland-Pfalz GmbH
Managed By: Bürgschaftsbank Rheinland-Pfalz GmbH
Additional Partners: Federal Government (re-guarantee), House Banks (application submission)
Website: Bürgschaftsbank Rheinland-Pfalz