A joint programme between UBB and the Bulgarian Development Bank (BDB) supporting the liquidity of small, medium and large enterprises, adversely affected by the extraordinary situation and the COVID-19 pandemic. The guarantee programme is among the anti-crisis measures, initiated by the Bulgarian government for handling the severe economic constrains amidst the COVID-19 pandemic.
|Target Group|| |
Small, medium and large enterprises adversely impacted, in terms of economic consequences, by the spread of the COVID-19 pandemic, after 31 December 2019 and meeting at least one of the conditions below:
Existence of other circumstances, accepted by UBB as evidence for the hardship, faced by a company due to the COVID-19 crisis.
|Interest rate||Preferential in contrast to the annual interest, which UBB would otherwise collect under the loan had the latter not been guaranteed under the programme with BDB AD.|
|Fees||As per UBB Fees and Commissions’ Tariff for Business Clients|
|Guarantee fee||Each Borrower will pay an annual guarantee fee, charged by the Bank and due to the BDB AD for the guarantee, provided by the latter.|
The maximum amount of the granted financing cannot exceed:
|Tenor||Maximum 6 years but no later than 30.06.2027|
|Collateral||No more than 50% of the value, approved by the Bank|
|BDB AD Guarantee coverage||80%|