Working capital loan

About the product

A working capital loan will let your business pay day-to-day liabilities on time.

The loan (short or medium-term) is dedicated for companies, which operate actively on the market and seek a way to mitigate the risk of payment crunches.

Companies use proceeds from this loan most often to purchase materials needed for production and goods as well as for financing current payments to suppliers and other companies.

A working capital loan is a non-renewable facility, the repayment schedule of which is individually defined. Depending on your preference, repayment of loan principal may be in instalments (monthly or quarterly) or all at once at the end of the tenor.

Benefits:

  • Easy access to loan proceeds – upon disbursement the whole amount is made available on the current account.
  • Additional money on the account permits punctual payment of liabilities during a temporary payment crunch (e.g. resulting from seasonality in the industry).
  • Convenient choice of loan principal repayment method.
  • Efficient business finances management thanks to a pre-defined repayment schedule. 

Channels of access to product information

Internet

Wherever you are, with internet access, you can check account balances and history on a 7/24 basis, also viewing information concerning other products i.e.: cards, loans, guarantees and letters of credit, standing orders or term deposits.

Corporate Branch

Get detailed information about Bank Millennium products by contacting Advisors in the Corporate Banking network.

Contact with Advisor


By phone

Our Consultants will provide you with detailed information and will carry out your instructions. 

801 31 31 31
line available for fixed-line and mobile calls

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Questions and answers

  • 1. What is the loan tenor?

    A working capital loan may be granted for a period of even 3 years ― depending on the needs and financial standing of your business.

  • 2. How can the granted loan be used?

    Disbursement is made by transferring the loan proceeds to the company's current account.

  • 3. In what currencies is the loan available?

    The main currencies are PLN, EUR, USD, but ― if the needed arises ― the loan may also be granted in other currencies.

  • 4. What is the interest rate on the loan?

    Variable 1M rate defined as per the loan currency (usually WIBOR/EURIBOR/LIBOR) plus the Bank's spread.

  • 5. How is the loan repaid?

    Repayment of principal and interest is done automatically on individually determined dates. As defined in the repayment schedule, principal is paid in instalments (monthly or quarterly) or all at once at the end of the loan tenor. Interest is paid every month.