European programs
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Investment Loan under an Operational Programme
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Borrower
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SME, meeting the criteria of the specific measure in the Operational programme
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Purpose
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Long- term loan, covering up to 100% of the total admissible expenses for the project, applying under the respective measure
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Currency
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BGN or EUR
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Interest
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Negotiable. Depending on the degree of risk and the own funds of the client, the Bank will provide from 5 to 10 % discount of its effective interest rates.
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Amount
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Minimum loan amount – BGN 5 000.
Involvement of the Bank in the project - up to 100%
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Drawdown
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In tranches, according to the project implementation deadlines
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Loan period
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Maximum period - 10 years
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Grace period
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Negotiable
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Repayment
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Negotiable
The received gratuitous aid will be used for loan repayment
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Collateral
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Pledge and/ or mortgage of long-term assets, including newly acquired ones, covering minimum 100% of the loan amount
Pledge of future receivables – the gratuitous aid under the program
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Additional terms
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In case of client’s participation with own funds and an explicit requirement of the financing programme for depositing own funds under the project in a special (Escrow) account, this account shall be opened with UBB AD.
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