Aid guarantee programs for entrepreneurs in Poland are available until the end of 2021


Aid government programs in Poland, provided by BGK, and offered to SMEs, among others, by Millennium Bank, are extended until the end of 2021. As part of the package, entrepreneurs can take advantage of de minimis guarantees, credit and factoring guarantees, and leasing guarantees. Bank Millennium offers financing programs backed by BGK’s guarantees, the application process is happening digitally with the usage of qualified signatures.

„Our offer responds to the expectations of our customers, and that is why we join guarantee programs. Collateral, offered to entrepreneurs thanks to cooperation with BGK (Bank Gospodarstwa Krajowego), accelerates access to financing in these difficult economic times. Especially appreciated preferential one offered to the market during the pandemic, which includes backing up not only bank loans but also factoring and leasing,” – said Andrzej Gliński, Member of the Management Board of Bank Millennium.

„The BGK guarantee offer has become a permanent element of the banking financing landscape, and we are pleased that customers appreciate our involvement in these programs so much. We have high hopes for new proposals that will appear on the market in 2022. We hope that the preferential terms of granting guarantees will be maintained at least partially, and some programs, such as Biznesmax, will be implemented in a new and even more attractive version,” – said Agnieszka Kucharska, Head of the Product and Credit Process Team in the Corporate Banking area, Bank Millennium.

In the case of the de minimis guarantee program (program for micro, small and medium-sized enterprises), no fee is applicable for the first year of using the guarantee and includes an 80% level of coverage. The maximum guarantee period is 75 months for the working capital loan and up to 120 months for the investment loan. The amount of the de minimis guarantee is up to the equivalent of EUR 1.5 million. 


Source: Millennium Bank’s press release from July 14, 2021