Guarantees from the Hessian Guarantee Bank
The Bürgschaftsbank Hessen provides default guarantees for loans to small and medium-sized enterprises, start-ups, and freelancers in Hessen when sufficient collateral is not available.
Discover your potential with AI support
- Find out if this grant matches your project
- Develop your application together with AI
- Get matched with many more suitable grants
Grant criteria
Funding objective
Relief for small and medium-sized enterprises, start-ups, and freelancers in Hesse through the assumption of default guarantees for bank loans to secure investments, working capital, business acquisitions, and warranty guarantees.
Eligible expenses
- Business start-ups
- Business acquisitions
- Shareholder payouts
- Equity investments in companies
- Business expansions and relocations
- Show more
Non-eligible expenses
- Refinancing loans
- Loans for debt restructuring
Eligible to apply
- Companies
- Founders
Funding requirements
- Registered office or investment location in Hesse
- SMEs or start-ups according to the EU definition or self-employed professionals
- Economically sensible and justifiable project
- Technically and commercially qualified management as well as orderly financial conditions
- Provision of customary bank securities by the borrower as far as possible
- Show more
Documents required for application
- Application form
- SEPA direct debit mandate
- Checklist
- Credit report
- Aid declaration
- General guarantee conditions
- Self-disclosure
- Annual financial statements for the last 3 years
- Business management evaluation
- Cost estimates
- Assumption agreement
- Profit forecast
- Curriculum vitae
Description
Within the scope of this funding offer, Bürgschaftsbank Hessen assumes default guarantees for bank loans of small and medium-sized enterprises, start-ups, and freelancers with investment projects in Hessen, when customary bank securities are insufficient. This secures investment projects such as business expansions, business acquisitions, structural and machinery purchases, as well as shareholder and participation projects. Guarantees for advance payments, contract fulfillment, and warranties, as well as working capital loans for growth, order, inventory, and stock financing, are also eligible for funding. Restructuring and refinancing loans are not covered. The guarantee rate ranges from 60% to 80% depending on the purpose of use; for companies that have been on the market for no more than five years, a higher rate may apply in justified cases. The maximum guarantee amount is €2 million per project.
A prerequisite for funding is a registered office or investment location in Hessen, an economically reasonable and justifiable project, as well as professionally and commercially qualified corporate management with orderly financial circumstances. Customary bank securities must be provided as far as possible. A variety of detailed documents – including self-disclosure, financial statements of the last three years, business evaluations, profit forecasts, and cost estimates – must be submitted via the house bank. Applications can be submitted continuously and must be made through the house bank principle. This allows liquidity to be strengthened by securing the credit risk through Bürgschaftsbank without having to observe a specific funding window.
Ready to secure your funding?
Register now and let our AI guide you through the application process – from eligibility check to finished application.