Magdeburg (dpa/sa) – Small and medium-sized companies in Saxony-Anhalt were also strongly supported by the Bürgschaftsbank in the second Corona year. In 2021, it assumed suretyships and guarantees for 117 companies, giving them access to loans and equity capital totaling around 51.5 million euros, as the Bürgschaftsbank announced in Magdeburg on Tuesday. This volume is ten percent higher than the previous year and has brought the bank the best new business in the past five years, it said. With the assumption of risk, more than 3,400 jobs in the country were saved or newly created last year.
Over the course of the year, the Bürgschaftsbank enabled loans totaling around EUR 4.1 million to 18 companies via the program for express guarantees. For example, the companies were helped out of liquidity bottlenecks, but investments were also made possible. In view of the Corona crisis, the institute doubled the maximum guaranteed loan amount to 500,000 euros at the beginning of 2021. In the future, too, the maximum rate should be 500,000 euros.
A new express program for company successors was also launched at the beginning of May this year. The problem is often that potential buyers cannot finance the price or the corresponding shares, it said. Guarantees for smaller company and share sales of up to EUR 500,000 can thus be promised to the new shareholders within five bank working days.
Overall, the Bürgschaftsbank supported 27 start-ups and 35 business takeovers last year. According to the information, founders and successors were able to obtain a credit volume of more than 26.6 million euros for their start.
In addition, the Mittelständische Beteiligungsgesellschaft, the sister company of the Bürgschaftsbank, took over 19 new silent participations in companies with a total volume of a good 6.7 million euros last year. In addition to industry, businesses in the retail trade and in the hotel and restaurant sector in particular were supported. In 2020, on the other hand, there were only five new investments.
The Bürgschaftsbank and the Mittelständische Beteiligungsgesellschaft are publicly funded self-help organizations for small and medium-sized businesses. They are supported by the chambers of industry and commerce and the chambers of crafts, banks, insurance companies and associations. By assuming financing risks, they facilitate start-ups and the expansion or succession of small and medium-sized companies.
© dpa-infocom, dpa:220503-99-138776/3
–
