Guarantees of the State of Brandenburg for the Economy and the Liberal Professions

The guarantees provided by the State of Brandenburg for the economy and the liberal professions offer small and medium-sized enterprises as well as members of liberal professions a state guarantee to secure loans for economically beneficial projects in Brandenburg. Under certain conditions, guarantees of up to 80 percent of the loan amount are granted. Funding is provided for initial investments in fixed assets, the procurement of working capital, and the issuance of sureties, especially when no other collateral is available to the required extent. The term of the guarantees is up to 15 years (up to 20 years for immovable fixed assets). Companies affected by the consequences of the war in Ukraine can temporarily apply for a guarantee rate of up to 90 percent.

Eligible applicants include commercial enterprises, other institutions of the commercial economy, and members of liberal professions with at least one business location in the State of Brandenburg, as well as individuals who, with the help of the loan, acquire a stake in a company and hold a managerial position. It is a prerequisite that no public authorities hold more than 50 percent ownership, that the project is economically beneficial and commercially viable, and that no companies in difficulty are funded. The application can be submitted at any time together with the house bank to KPMG AG Wirtschaftsprüfungsgesellschaft, commissioned by the state government. For the application, among other documents, the guarantee guidelines, the application form, the de minimis declaration, and the General Terms and Conditions for Loan and Guarantee Agreements must be submitted. The Ministry of Finance of the State of Brandenburg decides on the final assumption of the guarantee within the framework of budgetary authorizations.