COSME Business Loans | UBB | United Bulgarian Bank

Exchange rates

as of 26/05/2023 08:26:16

Cash payment

Non-cash payment

Selling rate

1.96100

1.96000

Buying rate

1.94800

1.94900

BNB fixing

1.95583

Cash payment

Non-cash payment

Selling rate

1.86400

1.86100

Buying rate

1.78000

1.78100

BNB fixing

1.81921

Cash payment

Non-cash payment

Selling rate

2.31500

2.31000

Buying rate

2.19000

2.19400

BNB fixing

2.25292

Cash payment

Non-cash payment

Selling rate

2.05700

2.05500

Buying rate

1.96300

1.96500

BNB fixing

2.01487

Advantages

Free-of-charge COSME guarantee
Alleviated collateral requirements
Preferential interest rates
Larger opportunities for financing
COSME-COVID - Newly approved loans, signed in the period between 06.04.2020. and 30.06.2022
Long-term experience of UBB in handling EU programmes

Parameters

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.

Required Documents

Decision of the company’s competent body for obtaining a loan and providing collateral for it
Balance Sheet, Income Statement, current financial statements 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

Tariff for Private Individuals and Legal Entities, applicable to contracts with customers for the provision of investment and/or additional services, related to financial instruments RIR for loans to business clients - calculation and values General Terms and Conditions applicable to contracts with customers for the provision of investment and/or additional services, related to financial instruments

Send Request

Apply online now and get feedback from an UBB expert.

Send Request

Book a Video Meeting

If you would like a consultancy with our expert regarding information on financial products or services, please follow the link below.

Book a Video Meeting

Choose segment

For companies with annual turnover up to 2 mln BGN

For companies with annual turnover above 1 mln BGN

For agri producters

For freelancers with annual turnover below 1 mln BGN

Number of employees:

Region:

Activity sector:

Contact us

Offices and ATMs

Online/Mobile

Fees and terms

Exchange rates

COSME and COSME-COVID Business Loans

Advantages

Parameters

Required Documents

Send Request

Book a Video Meeting

Business Loans Under The InnovFin Programme

Standard Investment Loan

Business Credit Cards MasterCard Business

Contact us

Offices and ATMs

Online/Mobile

Fees and terms

Exchange rates

COSME and COSME-COVID Business Loans

Advantages

Parameters

Required Documents

Send Request

Book a Video Meeting

Business Loans Under The InnovFin Programme

Standard Investment Loan

Business Credit Cards MasterCard Business

UBB Video Banker - live video meeting for business clients

UBB Video Banker gives you the opportunity to make audio and video contact, share and discuss documents and screens, whether you use a smartphone, tablet, laptop or desktop computer.