Guarantee programmes for businesses available until the end of the year

The BGK guarantee programmes aid pack, offered i.a. via Bank Millennium, has been extended until the end of 2021. In this pack businesses can get de minimis, credit and factoring liquidity guarantees as well as leasing guarantees. Bank Millennium offers financing secured with guarantees; the application process makes use of digital channels and qualified signature.

– Our offering follows customers’ expectations and this is why we proactively accede important guarantee programmes. Security offered to businesses in cooperation with BGK stabilises access to financing in these difficult times for the economy. They are appreciated especially in the preferential release, offered to the market during the pandemic and now cover not only bank loans, but also factoring and leasing services – said Andrzej Gliński, Member of the Management Board of Bank Millennium.

– The offering of BGK guarantees has become a permanent part of the bank financing landscape and we are pleased that customers appreciate our commitment to these programmes so much. We expect a lot of the work on new proposals, which will appear on the market in 2022. We hope that at least in part the preferential terms of granting the guarantees will be sustained, and some programmes, such as Biznesmax, will be carried out in a new and even more attractive release – said Agnieszka Kucharska, Head of Credit Products and Process Team in the Corporate Banking Area, Bank Millennium

In case of the de minimis guarantee programme (programme for micro, small and medium-sized enterprises) there is no fee for the first year of using the guarantee and 80% cover is provided. The maximum period of a guarantee is 75 months for working capital loans and up to 120 months for investment loans. The amount of a de minimis guarantees is max. the equivalent of 1,5 mln EUR.

Liquidity guarantees for loans (programme for medium and large companies) sustain high coverage (up to 80%), a higher amount of the loan covered by the guarantee – up to 200 mln PLN as well as increased total amount of the guarantee – up to 250 mln PLN. Also, a guarantee may still be used for foreign currency loans.

As regards factoring liquidity guarantees, an extended tenor of a factoring limit has been maintained – up to 24 months; moreover validity of the guarantees was extended – up to 72 months.

In case of leasing a guarantee may cover up to 80 per cent of a lease transaction, with maximum financing tenor of 10 years.


Bank Millennium

Last Updated on July 20, 2021 by Karolina Ampulska