Guarantees as De Minimis Aid for Investment and Working Capital Loans
The state of Saxony-Anhalt assumes up to 80% default guarantees for investment, working capital, and guarantee loans as de minimis aid. Applications can be submitted at any time.
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Grant criteria
Funding objective
The program supports companies, members of liberal professions, natural persons, as well as providers of social, cultural, and scientific institutions in Saxony-Anhalt in financing economically desirable and business-justifiable projects when sufficient collateral is lacking and other guarantees are not possible.
Eligible expenses
- Investment loans
- Working capital loans
- Guarantee loans
Eligible to apply
- Companies
- Public Institutions
- Individuals
- Founders
Funding requirements
- Business location or eligible project in Saxony-Anhalt
- Creditworthiness and sufficient guarantee for repayment
- Equity requirement within reasonable limits
- Observe state aid sector exclusions
- No subsequent guarantee for already granted loans
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Documents required for application
- Application form (two copies)
- Document checklist
- Current commercial register excerpt or cooperative register
- Articles of association and list of shareholders
- Annual financial statements of the last two fiscal years, interim financial statement
- Business plan with liquidity plan
- Land register excerpt or purchase contract
- De-minimis declaration
- SME declaration
- Self-disclosure of owners/shareholders
- Proof of collateral
Evaluation criteria
- Creditworthiness
- Available equity
- Collateral assessment
- Macroeconomic benefit
Description
With the State Guarantees of Saxony-Anhalt, the state provides up to 80% default guarantees for investment, working capital, and guarantee loans – embedded within the de minimis aid framework. The aim is to enable economically promotable and commercially justifiable projects in Saxony-Anhalt when customary market securities are insufficient and other guarantees fail. Eligible applicants include companies in the commercial sector, members of liberal professions, start-ups, private individuals, as well as non-profit organizations of social, cultural, and scientific institutions, provided they maintain a business establishment in Saxony-Anhalt or implement a promotable project. The guarantee duration extends up to 15 years depending on the type of loan (up to 23 years for structural investments) or up to 8 years for working capital and guarantee loans.
The decision is based on criteria such as creditworthiness, equity ratio, collateral valuation, and macroeconomic benefit. A reasonable equity contribution, suitable collateral vis-à-vis EEA credit institutions, and compliance with state aid-related sectoral exclusions are prerequisites. Supplemental guarantees for already granted loans are excluded. The funding rate is a maximum of 80% of the loan amount; applications can be submitted continuously and must be submitted in duplicate via the lending EEA credit institution to the Investment Bank Saxony-Anhalt. For completeness, among other documents, an extract from the commercial register, annual financial statements, business plan with liquidity plan, de minimis declaration, and SME declaration must be attached. There is no legal entitlement; however, beneficiaries agree to the publication of project-relevant data. This program offers small and medium-sized enterprises as well as institutions reliable coverage to successfully implement investments and contribute to regional value creation.
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