Guarantees from the Thuringia Guarantee Bank – BBT basis
The BBT basis "Guarantee without Bank" supports start-ups, SMEs, and freelancers in Thuringia with default guarantees of up to 80% for loans ranging from €25,000 to €400,000 prior to negotiation with the house bank. Terms up to 15 years (23 years for construction financing). Applications can be submitted at any time.
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Grant criteria
Funding objective
The Bürgschaftsbank Thüringen (BBT) assumes default guarantees of up to 80% for start-ups, small and medium-sized enterprises, as well as freelancers in Thuringia, in order to facilitate access to loans for business expansions, modernizations, rationalizations, development costs, market entry, investments, working capital, franchise financing, and business succession.
Eligible expenses
- Business expansions and relocations
- Modernizations
- Rationalizations
- Development costs
- Market development costs
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Non-eligible expenses
- Repayment and refinancing of loans
- Rehabilitation projects
- Companies in difficulty
Eligible to apply
- Founders
- Companies
Funding requirements
- Company headquarters or investment location in Thuringia
- SME according to EU definition
- personal and factual creditworthiness
- no previous guarantees or warranties with BBT
Documents required for application
- Application form
- Project or business concept
- Investment and financing plan
- Curriculum vitae
- Annual financial statements for the last 3 fiscal years
- Trial balance and ledger
- Extract from the commercial register
- Proof of de minimis aid
- SEPA direct debit mandate
Evaluation criteria
- Viability of the project
- Creditworthiness
- Equity ratio
- Collateral coverage
Description
The Bürgschaftsbank Thüringen offers with its basic program “Guarantee without Bank” a tailored financing aid for start-ups, small and medium-sized enterprises, as well as self-employed professionals in Thuringia. Before negotiations with the house bank, BBT assumes default guarantees of up to 80% for loan volumes between €25,000 and €400,000. The coverage extends to business expansions, modernizations, rationalizations, development costs, market entries, investments, working capital, franchise financing, and business successions. Terms of up to 15 years (or up to 23 years for construction financing) ensure that even long-term projects can be solidly financed. Since applications can be submitted at any time, applicants benefit from a straightforward and ongoing funding opportunity.
The funding objective is to facilitate access to loans and thereby support sustainable business growth projects in Thuringia. Eligible applicants must have a company headquarters or investment location in Thuringia, qualify as an SME according to the EU definition, and possess personal as well as material creditworthiness. Exclusions apply to debt restructuring, rehabilitation projects, and companies in difficulty. For the application, among other documents, a project or business concept, investment and financing plan, management’s CV, financial statements of the last three years, trial balances, commercial register excerpt, proof of de minimis aid, and a SEPA direct debit mandate must be submitted. The guarantee commitment is valid for six months, during which the certificate can be presented as collateral at any bank. This offer strengthens the willingness to invest and signals to lenders the viability of the project – an important component for solid business development.
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