Hundreds of Polish companies are currently facing the biggest liquidity problems in their history. The pandemic has forced them to urgently seek external remedies to not only survive the crisis, but also to quickly restore stability. One of these is restructuring and bridge financing, which is crucial to its success.
– (…) Financing instruments may include loans, including those from public funds, bank loans, trade credits, factoring or the issue of debt securities. However, due to the financial situation of a given enterprise, the company will not be able to use all the tools to a similar extent. Therefore, a comprehensive approach to assessing the range of possible solutions becomes crucial from the very beginning. solutions for repair and planning of the restructuring architecture, i.e. very good preparation of the company to apply for funds - highlights Małgorzata Anisimowicz, a qualified restructuring advisor and President of the Management Board of PMR Restructuring.
State aid
The sources of bridge financing in restructuring proceedings include: public aid in the form of the New Chance Policy, introduced by the Act of 16 July 2020 on granting public aid for the purpose of rescuing or restructuring of entrepreneurs. It provides for three types of support: company rescue, temporary restructuring support and restructuring. The aid is provided by the Industrial Development Agency SA. A minimum of PLN 720 million has been planned for this purpose in 2020.
9 November 2020. We invite you to read the full version:" Subsidies during restructuring. How can companies get it?
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