Mazowiecka Liquidity Loan

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.

As part of this support, SMEs had the opportunity to obtain financing for the following financial purposes:
- employee salaries and costs of personnel working on the company's premises,
including subcontractors,
- public and legal obligations of the enterprise,
- repayment of trade liabilities, covering the costs of using infrastructure,
- stocking up, purchase of semi finished products,
- expenses necessary to ensure business continuity,
- current installments of credits, loans or leasing , provided that the granted credit, loan
or leasing does not come from the ESI Funds, other funds, programs, measures and
instruments of the European Union or other sources of national or foreign aid.

Masovian Liquidity Loan was granted in the amount of up to PLN 500 000 PLN. The repayment period lasts up to a maximum of 5 yrs.