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The Government program to develop
The system of loan and guarantee funds For small and medium-sized enterprises
In the years 2002-2006
„Capital for the entrepreneurial”

The purpose of the government  program „Capital for the entrepreneurial” is to build an integrated, effective system of regional and local financial institutions, with the view to improve access to external financing for small and medium-sized enterprises.

The program assumes that the system will consist of strong regional institutions in each province; and a total of about 100 of local-range institutions. These institutions would offer the following financial instruments:

• Credit guaranties for small and medium-sized enterprises and for persons starting business activity – including school graduates,
• Loans for small enterprises, including loans to create new jobs and loans for and for persons starting business activity – including school graduates.
• The development of the network of loan and guarantee institutions shall be based on the following assumptions :
1.  The initiative to crate a new loan or guarantee fund should arise on the local or regional level. The local or regional authorities should also participate in the capital and the maintenance costs of the fund
2. The guarantee or credit operations should have - as a minimum requirement – separate accounting under the institution which manages the fund. Institutions which do not engage in other activities than the guarantee or credit operations shall be the preferred type.
3. Funds which operate on non-profit basis, or which allocate all profits for statutory purposes, will be eligible for enlargement of capital with the funds of the central budget.
4. All funds which take the decision to participate in the system should meet the following criteria:
• The system participants will accept the standards and best practices applied in the loan and guarantee operations, 
• Capital management must take into consideration the security of deposits/ capital investments. The capital must be invested in safe and liquid financial instruments: State Treasury bonds, securities issued by the National Bank of Poland and in bank deposits.

The funds should be managed by personnel with the right qualifications.

Download file with the program „Capital for the entrepreneurial” >>