Loan repayment sureties/guarantees, granted in cooperation with banks providing credit facilities under the government programme “Supporting Entrepreneurship through BGK Sureties and Guarantees”
Beneficiaries and types of guaranteed loans
A surety/guarantee is a form of loan repayment security which the Entrepreneur may receive in order to obtain an investment or a working capital loan, in particular for:
- projects co-financed by the European Union,
- infrastructural projects,
- projects related to the development of the SME sector,
including projects implemented with the use of public funds.
A surety/guarantee enables a Borrower who does not own sufficient assets or does not want to use them to secure a part of the loan.
Sureties or guarantees may not be granted for loans extended by BGK.
The surety/guarantee amount
Sureties/guarantees are granted in the amount of at least PLN 100,000 and up to EUR 10,000,000 (according to the average currency exchange rate, as stated in Table No 1 of the National Bank of Poland) and for up to 80% of the loan amount.
Commission fee
BGK charges a commission fee for granting a loan repayment surety/guarantee. The fee is paid annually in advance and is calculated on the basis of the amount of loan repayment surety/guarantee valid as at the beginning of the year of surety/guarantee for which the fee is due, with the exception of revolving loans, for which the commission fee is calculated on the basis of the amount of the loan limit surety/guarantee.
The basic rate of the commission fee amounts to 2.0% p.a. for a surety and 2.5% p.a. for a guarantee, and applies to the calculation of the commission fee in cases where the margin of the Bank extending the loan is not higher than 5.0%.
Moreover, BGK charges a commission fee for considering an application for granting a surety/guarantee, as well as for considering an application for the amendment of the surety agreement or of the wording of the guarantee, pursuant to the Payment and commission tariff applicable in BGK.
Security
The basic security for a loan repayment surety/guarantee is a blank promissory note with a "no protest" clause. BGK may apply for an additional security in the case of high liability payment risk.
The Client submits the application for the surety/guarantee to the bank providing credit facilities.
Cooperating banks accepting applications for BGK sureties/guarantees:
1. Alior Bank S.A.,
2. Bank BPH S.A.,
3. Bank Gospodarki Żywnościowej S.A.,
4. Bank Millennium S.A.,
5. Bank Ochrony Środowiska S.A.,
6. Bank Pekao S.A.,
7. Bank PKO BP S.A.
8. Bank Pocztowy S.A.,
9. Bank Polskiej Spółdzielczości S.A.,
10. Bank Spółdzielczy w Jastrzębiu Zdroju,
11. Bank Zachodni WBK S.A.,
12. BRE Bank SA,
13. DNB Nord Polska S.A.,
14. DZ Bank Polska SA,
15. Fortis Bank Polska SA,
16. Gospodarczy Bank Wielkopolski S.A.,
17. HSBC Bank Polska S.A.,
18. ING Bank Śląski S.A.,
19. Krakowski Bank Spółdzielczy,
20. Kredyt Bank S.A.
21. Mazowiecki Bank Regionalny SA
22. Raiffeisen Bank Polska S.A.
23. West LB Bank Polska S.A.
* the equivalent amount in PLN calculated according to the average currency exchange rate, announced in a given financial year by the National Bank of Poland in Table No 1, stating average exchange rates. In 2010, the amount for an individual loan repayment surety/guarantee may not be higher that PLN 40,924,000.