Guarantees for the Commercial Economy and Liberal Professions (State Guarantee Program)

The Hessian State Guarantee Program offers companies in the commercial sector and self-employed professionals reliable coverage for investment and working capital loans as well as guarantee frameworks. With a proportional partial debt assumption declaration from the Wirtschafts- und Infrastrukturbank Hessen (WIBank), financing gaps due to lack of collateral can be closed up to 80% of the loan amount (up to 70% for investment loans, and up to 50% for working capital and guarantee loans). For guarantee volumes of 2 million EUR and above, WIBank regularly offers terms tailored to the specific needs of SMEs and liberal professions. The program supports, among other things, foreign trade projects, trade fair appearances, as well as measures for succession planning and the use of renewable energies.

Applications can be submitted continuously through the applicant’s house bank and require proof of a business location in Hesse, positive creditworthiness, as well as the contribution of own funds and additional financing components. Eligible financing includes investment loans, working capital loans, as well as bidding, advance payment, and warranty guarantees. WIBank evaluates creditworthiness, proof of equity, and success potential in relation to the guarantee risk. Application documents required include the completed state guarantee form, a current financing plan including the company balance sheet, and a creditworthiness certificate from the house bank. The guarantee commission is generally 1% of the guarantee obligation, and the term is limited to a maximum of 15 years. Through the Hessian State Guarantees, medium-sized companies and liberal professions receive a solid foundation to realize growth and innovation projects with high planning security.