17 July 2020

Working capital loan to finance working capital deficit

End of applications:

continuous recruitment

Program duration:

continuous recruitment

For whom:

SME

Industry:

all industries

Financing amount:

0,8 – 5 mln PLN

Own contribution:

yes

Financing type:

loan

What should you know?

Loan for financing working capital deficit addressed to the SME sector with turnover exceeding PLN 4 million
The amount of loan you can get is PLN 0.8 million - PLN 5 million

Benefits:

By applying for a loan to finance a deficit in working capital, you can gain from PLN 0.8 to even 5 million. The financing period is up to 6 years and the grace period for capital repayment is extended to 15 months. In the case of early repayment of the loan or unused loan amount, the commission is not charged; otherwise, there is a preparatory commission of 0.2%. The financing is disbursed as a one-off payment or in tranches.

What requirements do you need to meet?

The loan is aimed at SMEs with a turnover of more than PLN 4 million and with positive results for 2019 (positive EBITDA and net result), with full accounting. In order to obtain a loan, you are required to:

• provide collateral in the form of a real estate mortgage and other standard securities accepted by ARP S.A. (minimum 120% of the market value);

• use KGP Guarantee Funds support and additional collateral: blank promissory note with promissory note declaration;

• provide a statement on submission to enforcement pursuant to Article 777 of the Civil Code, surety under the civil law of the principal shareholders of the borrower.

The list of required documents for submission can be found at this link (Polish only.

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What are the stages of action?

To apply for a loan you need to fill out an application form online. However, before you proceed to submit the form, please read the instructions (Polish only)on how to do it correctly. Also make sure that you have an active Trusted Profile on the ePUAP platform.

What next?

An application for support is examined immediately, no later than within 14 days from the date of its submission together with the required attachments. After submitting the application, wait for the contact from ARP S.A. 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. To speed up the process, sign the contract with a qualified electronic signature.

Responsible entities:

Agencja Rozwoju Przemysłu S.A.

Important documents

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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.
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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;
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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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