Business Loans Under The InnovFin Programme | UBB

Exchange rates

as of 09/12/2022 13:35:02

Cash payment

Non-cash payment

Selling rate

1.96000

1.95900

Buying rate

1.94850

1.95000

BNB fixing

1.95583

Cash payment

Non-cash payment

Selling rate

1.88260

1.88050

Buying rate

1.81600

1.82100

BNB fixing

1.85933

Cash payment

Non-cash payment

Selling rate

2.30390

2.29890

Buying rate

2.22900

2.23400

BNB fixing

2.26742

Cash payment

Non-cash payment

Selling rate

2.02090

2.01590

Buying rate

1.94800

1.95300

BNB fixing

1.97778

Advantages

Fast approval procedure
Larger opportunities for financing
Preferential interest rates
Alleviated collateral requirements
Extended InnovFin COVID eligibility range

Parameters

Borrowers	Micro, small, medium-sized and big enterprises
Amount	Minimum EUR 25 000, maximum EUR 7 500 000 (or their equivalence in Bulgarian leva)
Currency	BGN / EUR
Guarantee coverage	InnovFin 50% of the loan amount InnovFin COVID 80% of the the loan amount (till 30 June 2021)
Guarantee fee	No fee
Aim	For companies, developing innovative products and services and/or carrying out scientific research activities. - Working capital loans – overdrafts or revolving credit lines - Investment loans
Inadmissible loans	Refinancing of present loans Financing of European projects
Repayment period	For investment loans: minimum 12 months, maximum - 120 months For working capital loans: minimum 12 months, maximum 72 months
Collateral-related requirements	All collateral that is acceptable to the Bank

The loans under the programme are being provided with the support of the InnovFin Guarantee Instrument for Small and Medium-sized Enterprises with the financial support of the European Union, based on Financial Intruments under Horizon 2020 and the European fund for Strategic Investments (EFSI), established by virtue of the Investment Plan for Europe.

Required Documents

Decision of the company’s competent body for obtaining a loan and providing collateral for it
Balance Sheet, Income Statement and a Tax Return for the last year
Collateral ownership documents - copies of the ID cards of the company’s representatives - borrower/co-debtor/pledgors/mortgagors;
Certificate for availability /lack of arrears, issued by the revenue authority as per Art 87, Para6 of the Tax Insurance Procedure Code;
Declaration of relatedness with other entities as per sample format

Print list

Useful documents

Fees and commissions tariff of United Bulgarian Bank applicable to business clients RIR for loans to business clients - calculation and values General terms of UBB AD on payment services for business clients

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For companies with annual turnover up to 1 mln BGN

For companies with annual turnover above 1 mln BGN

For agri producters

For freelancers with annual turnover below 1 mln BGN

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Fees and terms

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InnovFin and InnovFin COVID Business Loans

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Required Documents

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Bank Guarantees

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COSME Business Loans

Contact us

Offices and ATMs

Online/Mobile

Fees and terms

Exchange rates

InnovFin and InnovFin COVID Business Loans

Advantages

Parameters

Required Documents

Send Request

Book a Video Meeting

Bank Guarantees

Business Credit Cards MasterCard Business

COSME Business Loans

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