State Guarantee Program for SMEs Open
The State Guarantee Program for Small and Medium-sized Enterprises (SMEs) in Brandenburg supports companies and start-ups in financing economically sound investments. It bridges the gap where collateral is missing or insufficient, providing guarantees for up to 75 percent of a loan amount, with a maximum of 2 million Euros. Applications are submitted through the applicant's principal bank and are restricted to projects located in Brandenburg.
Who is eligible for funding?
The State Guarantee Program targets small and medium-sized enterprises (SMEs) and start-ups in Brandenburg that require additional collateral for loans for economically sound projects. The goal is to enable investments when sufficient collateral is not available.
What is funded?
The State Guarantee Program supports economically sound investments by companies and start-ups. However, there are clear exclusions, especially for restructurings or the repayment of already unguaranteed loans.
Type and Extent of Funding
Funding is provided in the form of a guarantee, which can cover up to 75 percent of the loan amount. The maximum guaranteed loan amount is limited to 2 million Euros.
Conditions and Requirements
Specific conditions apply to applicants and the involved principal bank for utilizing the state guarantee, including creditworthiness, location in Brandenburg, and the exclusion of restructuring financing. Additionally, information and auditing obligations, as well as regulations concerning collateral and state aid, must be observed.
Application Process
The application process for the state guarantee takes place via the applicant's principal bank, which forwards the application to Bürgschaftsbank Brandenburg and conducts crucial preliminary checks. The guarantee only becomes effective after all conditions are met.
Legal Basis
The State Guarantee for SMEs is based on the General Guarantee Terms for Loans (ABB) of the German guarantee banks. This guideline establishes the fundamental rules for granting and settling guarantees for SME promotion and is supplemented by other relevant laws and provisions.
Funding Overview
Maximum Amount:
2,000,000 €
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Demand Driven Scheme
Region:
Brandenburg (Germany)
Funding Stages:
Planning, Implementation, Market Introduction
Funding Provider
Program Level: Regional
Funding Body: State of Brandenburg, Federal Republic of Germany
Managed By: Bürgschaftsbank Brandenburg GmbH
Additional Partners: Principal bank
Website: Bürgschaftsbank Brandenburg GmbH