De Minimis Guarantee

What benefits do you get?

The Guarantee is a security for a repayment of the working capital credit or investment credit. Thanks to it, your company has easier access to credit financing.

What do you have to know?

The purpose of the de minimis guarantee is to support the development, sustainability and competitiveness of micro-, small- and medium-sized enterprises, especially those that do not have an adequate security for a loan at their disposal.

Benefits for your company:

• access to a credit for entrepreneurs who do not have an adequate credit security at their disposal;
• low cost of the credit security;
• all formalities related to the granting of guarantees and credits are performed at the bank granting the credit;
• flexibility in the disposal of own assets.
• Within the part covered by the de minimis guarantee, the entrepreneur does not have to pledge it either to the bank granting the credit or to Bank Gospodarstwa Krajowego (BGK);
• The guarantee requires the bank granting the credit to apply more favourable than standard financing terms;
•  Availability for entrepreneurs with a short credit history;
• Availability of the guarantee all over the country at banks cooperating with BGK.

Terms of the de minimis guarantee:

• scope of the guarantee: up to 60% of the credit principal;
• max. amount of the guarantee: PLN 5 million;
• objective: securing a repayment of a working capital credit or investment credit for SMEs;
• guarantee period: up to 60 months for working capital credits, up to 120 months for investment credits and it covers a period no longer than the term of the loan extended by a maximum of 3 months;
• commission: 0.5 percent of the guarantee amount per year on the guarantee amount;
• type of aid: de minimis aid;
• the possibility of securing a loan granted in foreign currency (indefinite change).

How does the guarantee work?

The guarantee is a form of a credit security in the case when that a credit recipient fails to repay it within a period specified in the credit agreement. If a credit recipient cannot repay the credit from their own funds, it will be done by a person/entity providing the guarantee, i.e. the guarantor. In such a situation, further settlements will be made between the guarantor and the entrepreneur. The entrepreneur will be obliged to return an amount paid out of the guarantee with interest.

What requirements do you have to fulfil?

You can benefit from the de minimis guarantee if you are a micro-, small- or medium-sized entrepreneur, you have creditworthiness and have a free limit of de minimis aid.

The detailed terms that must be met by your company are available at the website.

How to use the product?

Complete an application for a credit repayment guarantee and submit it to the bank granting the credit along with the credit application.

The guarantees are available at the banks granting the credit that have signed an agreement with BGK. You can find a list of them on the website.