On April 14, 2020, HSBC in Poland signed an agreement with Bank Gospodarstwa Krajowego regarding participation of HSBC in Poland in the program of granting loans secured by guarantees from the Liquidity Guarantee Fund, supporting Polish entrepreneurs in a difficult period of coronavirus pandemic.
HSBC in Poland declares its readiness to grant its clients loans until December 31, 2020 covered by guarantees from the Liquidity Guarantee Fund in the amount of PLN 1 billion.
Loans granted with collateral in the form of BGK guarantees under the Liquidity Guarantee Fund are a new aid program of the Polish government, thanks to which BGK will grant guarantees securing loan repayment up to 80% of its values. The minimum guarantee amount at BGK is PLN 3.5 million, and the total guarantee amount for loans of one entrepreneur is maximum PLN 200 million.
What is the Liquidity Guarantee Fund (FGP)?
The Liquidity Guarantee Fund is part of the so-called the government's anti-crisis shield. Entrepreneurs can obtain guarantees from lending banks - both commercial and cooperative - which have signed relevant cooperation agreements with Bank Gospodarstwa Krajowego.
Main Terms of the Liquidity Guarantee Fund Program:
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