State Guarantees for Commercial Enterprises (VwV Bürgschaften)
The State of Baden-Württemberg offers deficiency guarantees for commercial enterprises and liberal professions that lack sufficient collateral for necessary loans. This L-Bank program secures investments, working capital, and guarantee loans, helping to ensure the financing of economically significant projects within the state. It serves as a vital instrument for strengthening the regional economy.
Who is supported: Target Groups and Geographical Reach
This funding program targets commercial enterprises and members of liberal professions that are based in Baden-Württemberg or whose projects are of economic interest to the state. It supports projects for which sufficient standard banking collateral is not available.
What is supported: Eligible Projects and Costs
The program covers a wide range of financing needs, including investments, working capital, and guarantee loans. The guarantee covers the principal amount and certain costs, but not interest or commissions.
Type and Scope of Funding
The funding program offers deficiency guarantees for loans, with scope and duration varying depending on the type of loan. The guarantee rate can be up to 80 percent of the loan amount, with the guarantee volume tiered according to the competence of the approving body.
Conditions and Requirements
To avail a state guarantee, applicants must meet certain financial and legal requirements. Special attention is paid to EU state aid regulations, particularly the De minimis Regulation and the General Block Exemption Regulation (GBER).
Application Procedure
The application process begins with the house bank, which forwards the application to L-Bank. L-Bank reviews the application on behalf of the state, with various bodies possibly being consulted before the Ministry of Economic Affairs makes the final decision.
Legal Basis
The funding program is based on the Administrative Regulation of the Ministry of Economic Affairs for state guarantees in the commercial sector, supplemented by various EU state aid regulations such as the De minimis Regulation and the GBER.
Similar Programs
Funding Overview
Funding Status:
Open
Maximum Amount:
up to 80 percent of the loan amount
Deadline:
always open
Open Until:
30.06.2027
Award Channel:
Demand Driven Scheme
Region:
Baden-Württemberg (Germany)
Sectors:
Other
Beneficiaries:
Commercial enterprises, liberal professions
Application Type:
Optional Consortium
Funding Stages:
Implementation, Commercialization, Scaling
Funding Provider
Program Level:
Regional
Funding Body:
Ministry of Economic Affairs, Labor and Tourism Baden-Württemberg
Managed By:
L-Bank
Additional Partners:
Bürgschaftsbank Baden-Württemberg, Federal Government, other federal states