Participation Guarantees from Bürgschaftsbank Sachsen

This funding program targets small and medium-sized enterprises (SMEs) and start-ups in Saxony. It provides default guarantees for participations by private equity investment companies to ensure sustainable competitiveness and finance specific projects.

The program supports a variety of projects aimed at strengthening the equity base of SMEs, including start-ups, business establishment, and innovation projects. The default guarantee from Bürgschaftsbank Sachsen covers a significant portion of the participation amount and associated costs.

The program offers default guarantees for participations by private equity investment companies. The guarantee covers up to 75 percent of the participation amount, with the maximum guaranteed sum being 1,875,000 Euros. The duration of the participation is purpose-bound and is based on the requirements of the re-guarantors.

The program sets specific requirements for applicants and the participations to be guaranteed, particularly regarding SME status, the sustainability of the project, and processing by private equity investment companies. State aid regulations also apply.

The application for the participation guarantee is submitted by a private equity investment company to Bürgschaftsbank Sachsen. Clear requirements exist for the provision of information and the processing of the participation to ensure smooth review and disbursement.

The participation guarantees from Bürgschaftsbank Sachsen are based on specific guidelines and consider overarching European and national provisions, particularly in the area of SME definition and state aid law.