BGK to assist entrepreneurs with programs from anti-crisis shield

As much as ten assistance programs for companies of all sizes and social economy entities (PES), social housing associations (TBS) and cooperatives – these are elements of support for Polish entrepreneurs affected by the effects of the Covid-19 pandemic prepared by Bank Gospodarstwa Krajowego (BGK).

The solutions include changes in de minimis guarantee conditions, Liquidity Guarantee Fund, interest subsidies on working capital loans. Some solutions have already been implemented, others are under preparation.

“In cooperation with the ministries of finance, development and funds as well as with the banking sector, we have prepared solutions that support both micro, small, medium, and large companies. It is extremely important for us to help Polish entrepreneurs in this difficult time. The assistance program includes various forms of support, including guarantee and subsidy systems, as well as products using EU funds. In addition to already existing programs, such as de minimis guarantees or credit for technological innovations, we have developed new solutions that are to additionally support Polish companies in connection with COVID-19 - e.g. Liquidity Guarantee Fund or interest subsidies,” Beata Daszyńska-Muzyczka, President of BGK, said.

She added that micro, small and medium enterprises will benefit from eight aid programs, and large from two.

“Importantly, entrepreneurs who have benefited from government concessions and exemptions from ZUS can obtain support from the BGK assistance package. One form does not exclude the other,” Beata Daszyńska-Muzyczka emphasized.

(WBJ)