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