Guarantees from the Saxony Guarantee Bank – Express

The "Express" guarantee program of the Bürgschaftsbank Sachsen is aimed at small and medium-sized enterprises (SMEs) in the commercial sector in the Free State of Saxony that have been active in the market for at least two years. With default guarantees for short-term loans, the program enables a quick credit decision within two working days, thereby creating liquidity leeway. Investments in machinery and equipment, acquisition of owner-occupied commercial real estate, inventory, operating resources, as well as guarantees are supported. The guarantee rate ranges between 60% and 70% depending on the area of application, with guarantees assumed up to a maximum amount of €100,000. The term of the guarantee extends – depending on the type of financing – up to 180 months, and for construction measures and promotional loans even up to 23 years.

A prerequisite for funding is a viable business concept, the location of the project in the Free State of Saxony, as well as the provision of the best possible collateral, which also includes the personal joint liability of the partners. Bürgschaftsbank Sachsen supports financing requests through this form of guarantee where banks or lessors act cautiously due to a lack of their own collateral. By securing up to 70% of the loan volume, the creditworthiness of the applicants improves, enabling more favorable conditions. The program is continuously available and allows companies to implement investments promptly and efficiently leverage growth opportunities in the Saxon SME sector.