Loan Guarantees for Small and Medium Enterprises

POLFUND Loan Guarantee Fund

Profile

• The guarantee can cover all types of loan facilities offered in Polish zloties by Bank.
• The maximum guarantee level is 70 % of the loan applied for. The guarantee does not cover loan interest or commissions.(In special cases the guarantee level may be up to 80%, it's available after counter - guarantee will be received by the Fund.
• Guarantee amount depends on client's need and it's actually from 20.000,00 (in special cases below 20.000,00) to 3.300.000,00. The maximum guarantee amount is not more than 5% of the guarantee capital used to grant guarantees.
• In special cases guarantee validity may be up to 8 years, it's available after counter - guarantee will be received by the Fund
• The principal security of the guarantee is a blank bill of exchange.
• POLFUND collects a single handling fee and an annual administration fee

Criteria

• Small and medium enterprises with employment of up to 250 at the maximum.
• Operations of the enterprise must be governed by the Polish law (the company has to be a resident as construed under foreign currency law).
• Companies with at least 3 month history of market operations with a preference given to companies with the history of over 1 year.
• Companies with a good knowledge of the business and market needs, and with a development-oriented operational strategy.
• Companies which can demonstrate their credit worthiness.
• The guarantees cannot be used by farming or arms businesses, or companies which carry out environmentally harmful industrial operations.
• Companies fulfil the criteria "The Found Guarantee Policy"

Benefits

• Opportunity to get a loan even if the loan security offered by the company is insufficient
• Low costs as compared to the cost of establishing other forms of loan security.

Application submission procedure