Guarantees of Bürgschaftsbank Sachsen – Express

The "Bürgschaft Express-S" program by Bürgschaftsbank Sachsen is aimed at small and medium-sized enterprises (SMEs) in the commercial sector whose investment location is in the Free State of Saxony and who have been active in the market for over two years. The goal is to replace or supplement missing or insufficient credit collateral for necessary financing, thereby supporting the economic development of Saxon companies.

This program supports commercial enterprises in financing investments in tangible assets such as machinery, equipment, and self-used commercial real estate, as well as intangible assets like inventories, working capital, and guarantees (Avale). Loans for restructuring financial difficulties are not guaranteed.

The program provides guarantees as a financial instrument to secure loans from commercial banks. The guarantee amount can be up to 70 percent of the loan amount, but a maximum of EUR 100,000. For working capital financing, the usual guarantee quota is 60 percent. The terms vary depending on the purpose of use, from 8 to up to 23 years.

Eligibility for application is tied to specific conditions, including a viable business concept and the provision of the best possible collateral, including personal liability of the shareholders. Companies that have not complied with an EU recovery order or wish to finance loans for restructuring are excluded from funding. Furthermore, the guarantees are subject to state aid regulations and require the disclosure of economic circumstances as well as adherence to due diligence obligations by the commercial bank.

The application for the "Bürgschaft Express-S" is submitted electronically via the commercial bank, which acts as the first point of contact and forwards the documents to Bürgschaftsbank Sachsen GmbH. The Bürgschaftsbank typically makes a decision on the guarantee within two working days of receiving the application. This enables quick processing and approval.

The legal basis for the "Bürgschaft Express-S" program is formed by the General Guarantee Terms for Loans (ABB) of the German guarantee banks. These regulations define the purpose, scope, and conditions of the guarantees and are supplemented by other relevant laws and guidelines, such as the German Banking Act (KWG) and the Anti-Money Laundering Act (GwG).