23 July 2020

Working capital loan for the payment of wages in the SME sector

End of applications:

continuous recruitment

Program duration:

continuous recruitment

For whom:

SME

Industry:

all industries

Own contribution:

yes

Financing type:

loan

What should you know?

The loan is intended to finance salaries and wages for companies from the small and medium-sized enterprise sector with a confirmed deficit of current liquidity
The funds obtained by the companies from the loans may be used only to maintain employment and continue their activities

Benefits:

If you are having trouble paying salaries to your employees due to the COVID-19 crisis, take advantage of an IDA loan to fund their salaries. The loan will be granted to you based on the statement of account and liquidity analysis of your business. The financing period is up to 2 years, and the grace period for capital repayment is extended to 12 months. If the loan is repaid early or the loan amount is not used no commission is charged; otherwise, there is a preparatory fee of 0.2%. The financing shall be disbursed in one instalment or in tranches.

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What requirements do you need to meet?

The loan is targeted at SMEs with a confirmed current liquidity deficit. In order to obtain a loan, the following is required:

• collateral for exposures up to PLN 200,000 in the form of a blank bill of exchange along with a bill of exchange declaration, declaration of submission to enforcement pursuant to Art. 777 of the Civil Code and surety of the major shareholders of the borrower;

• collateral for the exposure exceeding PLN 200,000 in the form of a mortgage on real estate and other standard collaterals accepted by the ARP (minimum 120 percent of the market value), as well as the use of support from the KGP Surety Funds and additional collaterals (blank promissory note together with a promissory note declaration, statement on submission to enforcement, surety of the main shareholders of the borrower).

The list of documents required to submit an application is available here (Polish only)

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What are the stages of action?

Loan applications can be made through a dedicated website (Polish only). The contract is signed using the Trusted Profile. Make sure you also have an active Trusted Profile on the ePUAP platform.

What next?

The IDA undertakes to consider an entrepreneur's application immediately or no later than within 14 days of its submission together with the required attachments. In the case of formal defects of the application, the Agency shall call the entrepreneur to supplement it within no longer than 5 days. You can check the current status of your application on your Customer Desktop. If you receive a positive decision, a loan agreement will be signed.

Responsible entities

Agencja Rozwoju Przemysłu S.A.

Important documents

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Your message:

Consent

I agree that my personal data disclosed in the form will be processed by Polski Fundusz Rozwoju S.A. with registered office in Warsaw, ul. Krucza 50 4, 00-025 Warsaw, only for the purpose of establishment of the contact and replies to asked questions.

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Obligation of information

The controller of your personal data is: Polski Fundusz Rozwoju S.A. with registered office in Warsaw, ul. Krucza 50, 00-025 Warsaw, hereinafter referred to as “the Controller”.
You can contact the Controller in case of all issues related to processing of your personal data and your respective rights via e-mail [email protected], by phone at +48 22 537 75 41/ 800 800 120 or in writing to the Controller’s address specified in sec. 1 above.
Your personal data may be processed for the purpose of complaints no longer than for one year from the time of data recording, or longer – but only in cases defined in the legal provisions.
Your personal data may be provided to other authorised entities in compliance with applicable legal provisions. Your personal data may be also provided to data processors on the Controller’s order, provided that such processors process data on the basis of an agreement with the Controller and only in compliance with the Controller’s instructions.
Your personal data will not be provided to recipients located in the countries outside the European Economic Area.
You shall have the following rights:
1. the right to access personal data and the right to demand their rectification, the right to object to processing, the right to delete them or restrict their processing;
2. the right to withdraw consent; withdrawal of consent shall not affect legitimacy of personal data processing under the consent before its withdrawal;
3. the right to transfer personal data, that is to obtain them from the personal data Controller in a structured, commonly used, machine-readable (if applies) format, for the purpose of their possible delivery to another data controller;
4. the right to submit a complaint to the supervisory authority responsible for personal data processing, if you believe that processing of your personal data infringes the provisions of the Regulation (EU) of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (EU OJ L 119 of 4.05.2016).
You should contact the Controller to exercise the above rights. Controller’s contact information is provided in sec. 2 above.
Personal data are provided on voluntary basis, but their provision is necessary in order to establish a contact and reply to asked questions.
In relation to personal data processing, decisions related to you will not be made in an automated manner (without human influence).

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Polish Development Fund S.A.

At what stage is your project?

Working capital loan for the payment of wages in the SME sector

What should you know?

Benefits:

What requirements do you need to meet?

What are the stages of action?

What next?

Responsible entities

Important documents

Offer