Guarantee Without Bank (BoB)
Direct application to the Bürgschaftsbank Hessen for a default guarantee of up to 80% for investments and up to 60% for working capital. Funding area Hessen, applications possible at any time.
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Grant criteria
Funding objective
Support for start-ups, takeovers, and business expansions of small and medium-sized enterprises as well as freelancers in Hesse by assuming a default guarantee to compensate for missing collateral with primary banks.
Eligible expenses
- Investment loans
- Working capital loans
- Guarantee loans
Eligible to apply
- Founders
- Companies
Funding requirements
- Registered office or place of investment in Hesse
- Business start-up not older than 3 years or SME according to EU definition
- Submission of a meaningful business plan
- Provision of customary bank securities as far as possible
- For existing companies: bank debt not exceeding EUR 500,000
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Documents required for application
- Curriculum vitae
- Self-disclosure
- Valid identity card
- Written credit report (Schufa)
- Business plan
- Excerpt from the commercial register/Articles of association
- Copy of rental agreement or land register excerpt
- Purchase/takeover agreement in case of business acquisitions
- Financial statements of the last three years
- Current business management evaluation with trial balance and balance sheet
Evaluation criteria
- Economic viability of the project
- Quality of the business plan
- Equity and earnings situation
- Availability of standard bank securities
Description
The Guarantee without Bank (BoB) offered by Bürgschaftsbank Hessen GmbH provides small and medium-sized enterprises (SMEs), as well as start-ups and members of the liberal professions in Hesse, with a tailored default guarantee to compensate for missing collateral at their primary banks. Financing commitments for investment loans, working capital loans, and guarantee loans can be applied for directly at BB-H – up to 80% for investments and up to 60% for working capital. Young companies (start-ups, takeovers, active participations) with a term of no more than three years benefit from a maximum guarantee of 80% for external capital requirements up to €450,000. For existing SMEs according to the EU definition, the possible financing limit increases to up to €650,000, provided positive equity and earnings ratios are maintained and bank debt does not exceed €500,000. A comprehensive document checklist (including business plan, credit report, annual financial statements) ensures prompt application processing without fixed deadlines.
BB-H carefully reviews the application with regard to economic viability, quality of the business plan, and available collateral. After the guarantee commitment is granted, the bank customer is strengthened in negotiations with their primary financier. The default guarantee is not managed primarily for profit – all proceeds are reinvested into the funding business. Through close cooperation with state and federal levels as well as industry partners from trade, industry, and crafts, applicants benefit from secure conditions and a long-term reliable partnership. This creates a solid foundation to safely finance business start-ups, takeovers, and growth projects in Hesse.
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