Thanks to a loan granted by BNP Paribas Bank Polska S.A of around EUR 1.7 million under the ERDF co-financed Biznesmax guarantee, Huras Konstrukcja i Budowa Maszyn sp. z o.o. (‘Huras’), a globally active family-owned company manufacturing machinery and specialised equipment in Nowa Wieś Legnicka, Poland, was able to develop and grow – even during challenging times.
The ERDF-powered Biznesmax with a simple first-loss portfolio guarantee is supporting the development of innovative entrepreneurs as well as green projects in small and medium-sized enterprises (SMEs) in Poland. The instrument is combined with an interest rate subsidy. It was able to quickly adapt to changing circumstances by using the new regulatory flexibilities of the Coronavirus Response Investment Initiative (CRII) and Coronavirus Response Investment Initiative Plus (CRII Plus).