Garantiqua raising guarantee limit to 90 percent

Garantiqa Hitelgarancia Ltd. has raised its guarantee limit from 80% to 90% for companies whose loans do not exceed their annual payroll costs, and the EU has accepted the company's request to raise the limit.

 The EU also authorized to raise the limit for state support in the form of guarantees from €200,000 to €500,000. „Because of the economic crisis, even companies among the top 10% of SMEs are seeking guarantees from Garantiqa, which means a growing demand for bigger guarantees”, György Radnai, CEO of  Garantiqa Hitelgarancia Ltd. added.