UBB offers loans under alleviated collateral conditions thanks to the COSME guarantee instrument - European Programme for Competitiveness of Small and Medium-sized Enterprises, managed by the European Investment Fund with the financial support of the European Commission.
Borrowers | Micro, small and medium-sized enterprises, as per the SME Act |
Aim | COSME Working capital loans – term loans, credit lines, overdrafts Investment loans Bank Guarantees COSME-COVID Working capital loans – term loans, credit lines, overdrafts Bank Guarantees |
Maximum amount | COSME EUR 3 000 000 for loans with a period up to 60 months EUR 1 500 000 for loans with a period up to 120 months If the borrower’s industry is freight transport: EUR 1 500 000 for loans with a period of 60 months EUR 750 000 for loans with a period up to 120 months COSME-COVID up to EUR 150 000 |
Currency | BGN / EUR |
Guarantee coverage | COSME 50% of the loan amount COSME-COVID 80% of the loan amount |
Guarantee fee | No fee |
Inadmissible loans | Refinancing of present loans Financing of European projects |
Repayment period | COSME from 12 up to 120 months COSME-COVID from 12 up to 60 months* * with the possibility of extension up to 120 months for loans with a fixed repayment plan and up to 108 months for revolving loans |
Collateral-related requirements | COSME Not more than 70% of the loan at the collateral’s discounted value (without COSME guarantee) COSME-COVID No limit |
This guarantee has been provided by COSME and the European fund for Strategic Investments (EFSI), established by virtue of the Investment Plan for Europe. The aim of EFSI is to support the financing and the applying of productive investments in the European Union, as well as to ensure the growth of access to financing. The Programme is in support of small and medium-sized enterprises with staff number up to 250 employees.
Useful documents
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InnovFin business loans are preferential financing for innovative micro, small and medium-sized companies (up to 499 employees) through a guarantee scheme.