Guarantees
Default guarantees for small and medium-sized enterprises in Upper Austria up to 80% of the loan amount. Applications are possible from 01.01.2024 to 31.12.2026.
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Grant criteria
Funding objective
Promotion of economic growth in Upper Austria through the assumption of default guarantees for bank loans when companies are unable to provide sufficient loan collateral.
Eligible expenses
- Bank loans for investments
- Working capital loans
- Bank guarantees
Non-eligible expenses
- Refinancing of existing loans (exception: business takeover or extension)
- Restructuring financing without a consolidation plan outside the consolidation guarantee
Eligible to apply
- Companies
- Founders
Funding requirements
- Membership in the Upper Austria Chamber of Commerce
- Orderly economic conditions
- Positive future prospects of the company
- Insufficient collateral for bank loans
Documents required for application
- Business license
- Project description/future concept
- Consolidation plan (for consolidation guarantee)
Evaluation criteria
- Orderly economic conditions
- Positive future prospects
- Available securities exhausted
- Business concept (in case of consolidation)
Description
The guarantees provided by the Upper Austrian Credit Guarantee Company Ltd. offer small and medium-sized enterprises (SMEs) in Upper Austria reliable security for bank financing when their own collateral is insufficient. As a joint liability pool of banks, the Upper Austrian Chamber of Commerce, and the State of Upper Austria, the OÖ KGG supports economic growth by assuming default guarantees of up to 80% of the loan amount. The funding is aimed at EU-defined SMEs that are members of the Upper Austrian Chamber of Commerce, operate under orderly economic conditions, and demonstrate positive future prospects. Applications can be submitted from 01.01.2024 until 31.12.2026, with the guarantee term lasting up to 180 months.
Eligible expenses include bank loans for investment and operating resources as well as bank guarantees. The standard guarantee covers loan amounts up to €1,000,000, while consolidation guarantees for restructuring cover up to €250,000, provided a professional consolidation plan is in place. To strengthen equity capital, the OÖ KGG additionally offers guarantees for silent partnerships and subordinated loans up to a maximum of €225,000 per capital provider. Prerequisites for funding, in addition to membership, are orderly conditions, positive business prospects, and exhausted collateral. Debt restructuring of existing loans is only permitted in cases of business acquisition or extension. With this instrumentarium, the OÖ KGG promotes sustainable investments, secures liquidity, and strengthens the equity base of SMEs in the Upper Austria region.