Bank Millennium S A : In Millennium Leasing in 2022 the SME sector will continue to receive financing with the BGK guarantee

Thanks to the continuation of cooperation between Millennium Leasing and Bank Gospodarstwa Krajowego, companies from the SME sector will be able to use the guarantee as a form of securing the leasing agreement also in 2022.

- Last year Millennium Leasing was the first leasing company in Poland to start concluding contracts with customers with use of Bank Gospodarstwa Krajowego guarantees. Now, thanks to the signing of an annex to the agreement with BGK, we are extending the availability of this solution. Thanks to it, entrepreneurs receive significant support in obtaining financing through leasing; the availability of capital and the possibility of investing in a difficult post-pandemic market increases - said Marcin Balicki, Chairman of the Management Board of Millennium Leasing.

Thanks to the leasing agreement with BGK guarantee, businesses can take advantage of financing on more attractive terms i.a. in terms of margin, financing amount, duration of the contract and required collateral. It is worth noting that the BGK guarantee may cover up to 80% of the financing of the leasing transaction, with a maximum contract period of 10 years.

The guaranteed funds constitute State Aid in support of the guarantee instrument - the Pan-European Guarantee Fund implemented by the European Investment Fund with the financial support of the Member States contributing to the Pan-European Guarantee Fund. Their aim is to protect the EU economy from the effects of the COVID-19 pandemic.