COSME business loans for micro companies | UBB

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, overdrafts Investment loans Bank Guarantees COSME COVID Working capital loans – term loans, overdrafts Bank Guarantees
Maximum amount	COSME BGN 300 000 for working capital loans BGN 300 000 for investment loans, for purchase of machines, equipment, transport vehicles BGN 500 000 for investment loans, for real estate purchase and/or repair COSME COVID BGN 293 000 for working capital loans
Currency	BGN
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 Working capital loans - from 12 up to 60 months Investment loans for purchase of machines, equipment, transport vehicles – from 12 up to 60 months Investment loans for real estate purchase and/or repair – from 12 up to 180 months COSME COVID Working capital loans - from 12 up to 60 months* *with the possibility of extension 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

Loan Application and Declaration of Relatedness with other entities as per a sample format of the Bank
Balance Sheet, Income Statement and a Tax Return of the applicant for the last 2 years
Current financial statements
Balance Sheet, Income Statement, report on the average staff number for the last year of the related parties as per the SME Act
Copies of the ID cards of the company’s representative - borrower/co-debtor/pledgors/mortgagors;
Decision of competent authority of the borrower, company co-borrower / collateral owner to conclude the loan agreement
Document, ascertaining the collaterals’ ownership

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

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 1 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 for micro companies

Advantages

Parameters

Required Documents

Send Request

Book a Video Meeting

Contact us

Offices and ATMs

Online/Mobile

Fees and terms

Exchange rates

COSME and COSME COVID business loans for micro companies

Advantages

Parameters

Required Documents

Send Request

Book a Video Meeting

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.