Default Guarantees of the Saarland Guarantee Bank
If you are a small or medium-sized enterprise in Saarland and do not have sufficient collateral for your loan, the Bürgschaftsbank Saarland can provide a default guarantee of up to €1.25 million and secure up to 80% of the loan amount.
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Grant criteria
Funding objective
Relief for small and medium-sized enterprises through the assumption of a guarantee for loans for business start-up, equity participation, expansion, modernization, and working capital requirements.
Eligible expenses
- Projects for business start-ups
- Equity investments in companies
- Business and operational expansions
- Modernization and rationalization measures
- Working capital requirements
Non-eligible expenses
- Retroactive guarantees
- Loans for restructuring
Eligible to apply
- Founders
- Companies
- Cooperatives
Funding requirements
- SMEs in Saarland
- Registration in the crafts register (craft businesses)
- Objectively and personally creditworthy
- Eligible and economically justifiable project
- No retroactive assumption of guarantees
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Documents required for application
- Application form
- General guarantee terms and conditions
- Price and conditions directory
- Guidelines for participation guarantees
- Guidelines for default guarantees leasing
Evaluation criteria
- Creditworthiness
- Economic viability of the project
- Adequate collateral
Description
The default guarantees provided by the Saarland Guarantee Bank offer small and medium-sized enterprises, start-ups, freelancers, craft businesses, and cooperatives in Saarland a reliable guarantee for risk coverage when taking out loans. Up to 80% of the loan amount, with a maximum of €1.25 million, can be guaranteed in this way to finance business start-ups, company participations, business expansions, modernization and rationalization measures, as well as the need for working capital. The prerequisites are objective and personal creditworthiness, an economically justifiable project, and registration in the crafts register for craft businesses. Retroactive guarantees or loans for restructuring are excluded. Applications can be submitted continuously and at any time through the house bank.
With the guarantee, the Saarland Guarantee Bank aims to relieve the SME sector in the region and promote investments that would otherwise not be feasible without sufficient collateral. The continuous funding opportunity and processing by experienced experts ensure a prompt review of the request and transparent conditions. The house bank handles the submission, assesses creditworthiness and the project, and forwards the complete documentation. After a positive decision, the guarantee certificate is issued, and the processing fee as well as the ongoing guarantee commission are invoiced according to the price and conditions schedule. In this way, a solid foundation is created for growth and innovation projects in Saarland.
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