Dresden (dpa / sn) – The Bürgschaftsbank Sachsen (BBS) can secure higher loan amounts in the future and help more companies to obtain outside capital. This is made possible by a corresponding expansion of the Free State’s risk assumption, as the BBS announced on Tuesday. Accordingly, the specialist bank assumes default guarantees of up to EUR 2.5 million for the financing house bank, 25 percent more than before. In addition, companies with 250 or more employees, annual sales of more than 50 million euros and annual balance sheet totals of more than 43 million euros are supported in their investment projects.
In addition to established companies, start-ups and freelancers can also use the services of the BBS. The maximum guarantee share of 80 percent of the loan amount remains. In the past year alone, the BBS issued almost 200 sureties and guarantees, thereby facilitating investments totaling 158.6 million euros in Saxony.
