United Bulgarian Bank - Bridge Lending with EU Operative Programmes

Bridge Lending with EU Operative Programmes

Borrower	SMEs in accordance with the criteria of the respective Operational Programme
Purpose	Bridge lending up to the amount of the approved gratuitous aid under the respective measure in the Operational Programme over the period until its disbursement
Currency	BGN or EUR
Interest	BR of UBB (for BGN or EUR) + a margin according to the risk assessment
Amount	A minimum admissible amount – BGN 5 000; The loan amount corresponds to the amount of the approved gratuitous financial aid.
Drawdown	In tranches in accordance with the deadlines for the project’s implementation.
Loanperiod	Until disbursement of the gratuitous financial aid. Maximum period – the deadline for completion of the investments under the agreement for the gratuitous financial aid, increased by 6 months
Grace period	Negotiable
Repayment	Negotiable, the disbursed gratuitous aid is utilized for repayment of the loan
Collateral	A pledge of the receivable under the gratuitous financial aid.
Additional terms and conditions	In case of self-participation by the client and an explicit requirement under the financing program for an own-funds deposit under the project in an escrow account, the latter shall be opened with UBB.