Loan guarantee from the Agricultural Guarantee Fund
For whom
Small and medium-sized enterprises
Date of availability
Available until 31 December 2025
What you get
a loan repayment guarantee thanks to which the SMEs in the agriculture sector, that is farmers producers of agricultural products and food processing companies, have easier access to loan financing. They can also get subsidies to the working capital loans (up to 31 December 2025).
What do you have to know?
The guarantee secures the repayment of the working capital or investment loan given to an entrepreneur.
Benefits for your company:
- access to a loan for entrepreneurs who do not have an adequate loan security;
- all formalities related to the loan with security are realised in the bank giving the loan;
- flexibility in using your property;
- available to entrepreneurs with a short loan history;
- possibility of subsidies for a working capital loan until the end of December 2025.
Basic guarantee conditions:
- maximum guarantee amount: 80% of the loan amount or PLN 5 million (farmer producing basic agricultural products) or PLN 10 million (food processing companies);
- the guarantee covers only the loan principal without interest and loan-related costs;
- used aid: public aid or de minimum aid;
- the guarantee is given:
- for investment loans up to 183 months (or 120 months in the case of a guarantee constituting de minimis aid) or for non-revolving working capital loans used for current financing in relation with the EAFRD up to 51 months
- for revolving working capital loans for a maximum 39 months and for non-revolving working capital loans (up to 51 months) used for current financing (ensuring financial liquidity), - the guarantee is free.
Subsidy to the interest of loans guaranteed by FGR:
- only for working capital loans not related to the EAFRD investment given for current financing up to 31 December 2025;
- for a maximum 12 months from the loan guaranteed by FGR;
- is 2% per annum for loans granted until June 30, 2022, or 5% for loans guaranteed as of July 1, 2022 (if the annual interest rate on a revolving loan is lower, the surcharge is equal to the amount of interest charged by the lending bank);
- it is a public aid (loans given to the farmers and food processing companies) or de minims aid (loans given to the companies processing non-agricultural products).
How does the guarantee work?
The guarantee is a security of a loan in case an entrepreneur does not repay it within the deadline specified in the loan agreement. If an entrepreneur cannot repay the loan, it will be repaid by the guarantor. Further settlements will be made between the entrepreneur and the guarantor. The entrepreneur will have to repay the guarantee amount with interest
What requirements do you have to meet?
The guarantee can be used by SMEs with creditworthiness.
Detailed criteria can be found on the website.
How to use the product?
Read the Conditions for obtaining the guarantee and the subsidy.
Complete an application for a loan guarantee for subsidy (if you apply for a working capital loan with subsidy).
Submit the application(s) in the lending bank along with the loan application.
Guarantees are available in lending banks which have signed an agreement with BGK.
The list of such banks is available on the website.
