TISE has already granted 10,000 loans!

We can’t say that it happened in the blink of an eye because it did take a while , but we are happy to announce that we have just paid out our E I G H T Y E A R L Y loan! TISE has been granting loans since 2008 (because we operated as a venture capital fund for the previous seventeen years). We have granted loans from our own funds as well as funds entrusted to us by Bank BGK, the European Union, the European Investment Fund, ministries, the Pomeranian Development Fund, the Wielkopolska Development Fund, marshal’s offices and other institutions. The largest group of our customers are micro, small and medium-sized enterprises as well as non-governmental organisations and social economy entities from Poland, and in the past also from Central and Eastern Europe. Our borrowers also include slightly larger companies, local government units and a group of individual customers participating in the Programator educational project. If we look at the map of Poland, we can see that our customers operate in every province and in almost every district!

Ten thousand loans have resulted in the disbursement of over 1.6 billion PLN! Our financing has been used by both start-ups looking for funds to start their business and more established companies. The loans supported their development and financed social, technological and ecological innovations. They helped to implement important initiatives that counteract social exclusion and generate social benefits. They contributed to the digitisation of Poland by financing projects related to broadband internet development, and during the Covid-19 pandemic, they supported the liquidity of companies and later helped them rebuild their businesses.

The vast majority of the loans, as many as 9,000, come from European Union funds, national or regional funds, which TISE uses thanks to winning competitions and tenders (organised by Bank BGK, regional funds, the European Investment Fund or other fund of funds managers). The highest loan – 5 million PLN – was granted as part of the programme financing innovation in the Pomeranian Voivodeship (the Pomerania of the Future programme). The lowest – 1.8 thousand PLN (ES Fund TISE programme) helped one of the social cooperatives in the Warmian-Masurian Voivodeship purchase computer software necessary for running a business.

Of course, we are not resting on our laurels. We have added new loan programmes to our offer and there are quite a few tenders on the horizon. So, we would like to thank everyone who contributed to this success and … get stuck into the next T H O U S A N D D I V E R S E !