Guarantees of Bürgschaftsbank Thüringen – BBT guw

The programme is aimed at start-ups, small and medium-sized enterprises (SMEs), and members of the liberal professions with a location or investment site in Thuringia. The aim is to enable the financing of important projects through guarantees, which would otherwise not be realisable due to a lack of collateral.

The programme guarantees loans for a wide range of projects, including business start-ups, company acquisitions, and various investments. It covers both tangible and intangible assets as well as working capital, but excludes debt rescheduling or company restructuring.

Funding is provided in the form of a guarantee against default and a maximum amount guarantee, which can cover up to 80 percent of the loan amount, with a maximum of 1.25 million Euros. The guarantees are temporary and support financing through house banks.

Various legal and economic conditions must be met to use the guarantee, including the applicant's creditworthiness and compliance with EU state aid regulations. There are also specific rules regarding the use of funds and collateral.

The application must be submitted to Bürgschaftsbank Thüringen via Thüringer Aufbaubank. The house bank is significantly involved in the process and is responsible for preliminary credit assessment and digital transmission of application documents.

The guarantees are based on the General Guarantee Terms and Conditions for Loans (ABB-Kredit) and are subject to the state aid regulations of the European Commission as well as other banking supervisory and anti-money laundering regulations.