Missing or insufficient collateral is a common handicap for small enterprises that need a bank
loan. The Bremen Aufbau Bank GmbH now provides an adequate solution with its special loan for
companies „BUK Plus“. It is an extended version of the Bremen company loan (BUK) which has been
offered since 2005. „BUK Plus“ combines the advantages of a low priced loan financing and a
concurrent risk reduction of liabilities for the house bank. The Bremen Aufbau Bank does not
directly grant the loan to the investor but solely through its house bank.
Through the extension of the BUK about the release from liability - the so called „BUK Plus“
- the house banks get the chance to provide their business customers with an interest-subsidized
loan combined with a risk reduction.
Generally the house bank bears the risk completely. Through „BUK Plus“ they will be released
up to 80%.
The Bremen company loan can be used to finance investment projects of small and medium sized
enterprises or production facilities for company growth. The Bremen Aufbau-Bank GmbH, subsidy bank
of the Federal State of Bremen and subsidiary of the Bremen Investitions- Gesellschaft mbH (BIG),
is using funds of the KfW-company loan for this instrument and additionally grants an interest
relief of 0,25 percent per annum for projects in Bremen and 0,4 percent in Bremerhaven.
Further information under:
www.bremer-unternehmerkredit.de
News
Bremen: Reducing the risk of liability for house banks with „BUK Plus“
July 30, 2007