Mazowiecka Liquidity Loan
About this good practice
Polish National Development Bank in cooperation with the Marshal's Office of the
Mazowieckie Voivodeship launched the Mazowiecka Liquidity Loan for SMEs facing problems related to the COVID-19 epidemic. European funds for this purpose came from the Regional Operational Program of the Mazowieckie Voivodeship 2014-2020.
Support rules:
-targeted at micro, small and medium sized enterprises only,
-financing up to 500,000 PLN (circa 107 296,14 EUR),
-grace period up to 12 months,
-repayment period up to 5 years (60 months).
The support helped entrepreneurs maintain the company's financial liquidity and
secure its current needs, and settle overdue liabilities and bills.
Resources needed
Mazowiecka Liquidity Loan was set up within the JEREMIE 2 project and National Development Bank was the Fund of Funds manager. Minimum of 3 people in the office were needed to operate this financial instrument. The financial resources reached almost 53 million PLN.
Evidence of success
By 31 December 2021, 304 Masovian Liquidity Loans were granted for a total amount of 52 994 769.00 PLN.
Potential for learning or transfer
First an analysis of SMEs needs in the region was needed. Then knowledge of the
financial instruments within the ERDF Funds and how to apply them. Also, an operator with the knowledge of the loan system in the bank sector would be beneficial for the proper implementation of this practice.