Guarantees from the Guarantee Bank of North Rhine-Westphalia
The Bürgschaftsbank Nordrhein-Westfalen guarantees loans and guarantees for start-ups as well as small and medium-sized enterprises in North Rhine-Westphalia. Maximum guarantee amount up to €2,000,000, guarantee quota up to 80%. Applications can be submitted continuously via the house bank or online.
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Grant criteria
Funding objective
Securing loans and guarantees for start-ups, small and medium-sized enterprises, and freelancers in North Rhine-Westphalia through the assumption of default guarantees.
Eligible expenses
- Investments
- Working capital financing
- Guarantee credits
- Commercial construction financing
- Start-up financing
Non-eligible expenses
- Refinancing loans
- Loans before application submission (except redemption loans)
Eligible to apply
- Companies
- Founders
Funding requirements
- Company headquartered in North Rhine-Westphalia
- EU SME definition
- Start-up or freelance activity
- Insufficient own collateral
- No collateral for restructuring loans
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Documents required for application
- Application for default guarantee
- Consent to data collection for service guarantee
Evaluation criteria
- Availability of collateral
- Reasonable collateral
- Creditworthiness of the applicant
- Economic prospects of the project
Description
The Bürgschaftsbank Nordrhein-Westfalen, as the state’s promotional bank, assumes guarantees for loan and surety projects, thereby enabling both start-ups and established SMEs as well as self-employed professionals in North Rhine-Westphalia to access financing when their own collateral is insufficient. With a maximum guarantee amount of up to €2 million and a guarantee coverage ratio of 50% to 80%, investments, working capital and surety financing, as well as commercial construction projects, are secured. The term is aligned with the loan duration and can be up to 180 months, with applications accepted on an ongoing basis. The evaluation particularly considers creditworthiness, reasonable collateral, and the economic prospects of the project.
Applicants based in North Rhine-Westphalia submit their application via their house bank or digitally through the Bürgschaftsbank’s online portal. The EU SME definition, a economically viable project, and the absence of sufficient own collateral are prerequisites. Exceptions apply to existing loans, which can only be guaranteed in the context of refinancing projects. Restructuring loans and loan projects prior to application submission are not eligible for funding. Required documents include the application for a default guarantee and consent to data collection. Through cooperation with the house bank and the digital application process, the review procedure can be conducted efficiently, enabling numerous entrepreneurs to implement their financing projects securely and with a future-oriented approach.
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