Podlasie
Development Fund

Podlasie Development Fund has been operating since November 25, 2004 (previously as Łomża Fund of Loan Guarantees). It is a local government company intended to offer financial instruments contributing to the development of SME’s in the region of Podlasie.

The company’s Polish name is Podlaski Fundusz Rozwoju Spółka z ograniczoną odpowiedzialnością. It may also use the official abbreviation of the company name, i.e.: PFR Sp. z o.o. The Fund’s seat is in Łomża, ul. Generała Władysława Sikorskiego 166, room 1.11. The Company operates in the Republic of Poland and abroad. Its share capital amounts to 765,000.00 PLN (100% shares). The Podlasie Voivodship holds 1,530 shares in Podlasie Development Fund, which accounts for 100% of the company’s share capital.

The purpose of the Fund’s activity is to manage financial resources aimed at supporting micro, small and medium-sized enterprises, in particular by facilitating access to financing. Our task is also to strengthen the investment activity of business entities from Podlasie by reinforcing their position, increasing competitiveness, and developing their business operations. The diversified system of Financial Instruments helps companies to gain access to external sources of financing for their business activities and, importantly, remains accessible throughout the Podlaskie Voivodship. The company, as a loan fund, provides loans to companies by offering turnover, export, and property loans. Additionally, we are offering an anti-crisis loan until December 31, 2020.

An entrepreneur applying for financing must have its registered office or branch in the Podlasie Voivodeship.