Guarantees from the Saxony Guarantee Bank – Guarantee without Bank (BoB)

The program “Guarantee without Bank (BoB)” of the Bürgschaftsbank Sachsen secures investment projects of start-ups as well as small and medium-sized enterprises in the Free State of Saxony through default guarantees. As a guarantee, BoB enables a suretyship of up to 80% of the loan amount for investment loans up to a maximum of €160,000, and up to €520,000 in the case of business succession. Among others, expenses for machinery and equipment, owner-occupied commercial real estate, equity participations, business succession, inventory, working capital, and aval bonds are eligible for funding. Applications can be submitted at any time through the applicant’s house bank, enabling timely financing solutions. Bürgschaftsbank Sachsen assumes a significant portion of the risk for credit institutions with its guarantee, thereby creating leeway for the optimal design of financing conditions.

Any company headquartered in the Free State of Saxony with a viable business concept is eligible. A prerequisite is also the provision of the best possible collateral, including the personal joint liability of the shareholders, as well as an investment location in Saxony. The funding rate ranges from 60% to 80%, depending on the company’s development phase—for example, the standard rate for established companies is 60% for working capital loans. The creditworthiness assessment is based on the viability of the business project and the available collateral liability. As a public-law “enabler,” Bürgschaftsbank Sachsen supports investments in machinery, real estate, or business succession with this offer, thereby sustainably strengthening the region’s economic strength.