Guarantees from Bürgschaftsbank Thüringen – BBT basis

This funding program targets startups, small and medium-sized enterprises (SMEs), and members of liberal professions in Thuringia. Its aim is to facilitate access to loans by replacing or supplementing missing or insufficient loan collateral with guarantees.

The Thuringia Guarantee – BBT basis supports a wide range of projects, from business expansions and market development to business successions, as well as general investments and working capital. The guarantee covers both the loan amount and proportionate interest and commissions.

The program offers default guarantees for loans ranging from €25,000 to a maximum of €400,000, which can cover up to 80 percent of the loan amount. The terms of the guarantees vary depending on the purpose of financing.

Specific conditions apply for applying for and utilizing the guarantee. These include the applicant's creditworthiness, the exclusion of existing BBT guarantees, and compliance with state aid regulations. Comprehensive disclosure and information obligations, as well as the provision of collateral, are required.

The application for the Thuringia Guarantee – BBT basis is submitted directly to Bürgschaftsbank Thüringen. The BBT conducts an initial review and issues the guarantee before the applicant enters negotiations with their house bank, which facilitates access to loans.

The Thuringia Guarantee – BBT basis funding program is based on the General Guarantee Conditions for Loans (ABB-Kredit) of the German Bürgschaftsbanken. These provisions integrate relevant national laws and EU regulations to ensure a legally sound and transparent processing of guarantees.