Guarantees of the Thuringian Development Bank (TAB Guarantee Program)

The TAB Guarantee Program supports small and medium-sized enterprises as well as freelancers in Thuringia in securing investment and working capital loans. The development bank assumes default guarantees for loans, chattel hire-purchase and leasing contracts, thereby guaranteeing up to 80% of the loan or guarantee amount (usually 60% for chattel leasing, up to 90% under the Ukraine aid program). Guarantees can be applied for projects up to €3 million, without a fixed submission deadline, through the house bank. The goal is to realize economically significant projects in the state’s interest and to close financing gaps when own collateral is insufficient.

Eligible applicants are commercial enterprises, start-ups, and individuals wishing to participate as managing partners. A prerequisite is a viable business concept that ensures the scheduled repayment of the guaranteed funds. Additional criteria include the utilization of existing collateral and the priority of other public guarantee programs. Required documents include the TAB guarantee application via the house bank, the commitment declaration of the lending bank, liquidity and de minimis plans, as well as a tax certificate. The funding rate of up to 80% provides self-employed individuals and SMEs with an uncomplicated way to secure financing for growth and innovation in a future-proof manner.