InvestEU - Competitiveness Guarantee Programme

Advantages:

• Free-of-charge InvestEU guarantee
• Alleviated collateral requirements
• Attractive interest rate terms
• Long-term experience of UBB in working under European programmes

Parameters

Borrowers	Legal entities registered under the Bulgarian law, as well as freelancers and agricultural producers, categorized as micro, small and medium-sized enterprises, as per the SME Act
Purpose	• Working capital loans – overdrafts, working capital loans in installments, VAT limits • Investment loans • Bank Guarantees
Business history	Minimum 18 months of active operation
Loan amount without tangible assets as collateral	Up to EUR 160 000
Loan amount with tangible assets as collateral	Up to EUR 300 000
Guarantee coverage	80% of the loan amount
Guarantee fee	Free-of-charge, covered by UBB
Eligibility for lending	UBB will perform an assessment of the client and of the purpose of funding in terms of eligibility
Repayment term	Collateralized exposure – up to 120 months Non-collateralized exposure: Working capital loans – up to 60 months Investment loans - up to 84 months
Collateral-related requirements	• Not more than 40% of the loan as per value, accepted by UBB (excl. the InvestEU guarantee) Acceptable collaterals: Real estates (residential, commercial, other) and/or establishment of a pledge of receivables in account/accounts of the Borrower with UBB, where applicable and/or required
Repayment	Equal installments under the principal and the respective interest on the outstanding principal for the period. An option for also defining a flexible repayment schedule, aligned with the seasonal nature of the business
Interest rates	1-month EURIBOR and a fixed margin, determined individually, depending on the amount, currency, tenor and collateral under the requested loan, as well as on the risk profile of the customer.
Fees	As per the Bank’s Fees and Commissions’ Tariff for Business Clients and the loan agreement. In terms of collateralized loans there are also ancillary expenses related to the insurance and establishment of the collateral - for preparation of a market appraisal, for establishment and registration of a mortgage/pledge, for issuance of certificates, etc.

The InvestEU Competitiveness Programme is supported by the European Union in partnership with the European Investment Fund through a loan with an InvestEU guarantee.

Required Documents

• Loan and credit card applications for small enterprises
• Balance Sheet, Income Statement and a Tax Return of the Borrower for the last one or two completed financial years, as of the application date
• Copies of the ID cards of the borrower company representatives; co-debtors; collateral providers
• Decision of the company's competent body – in the latter capacity as borrower/co-debtor/owner of the collateral, for conclusion of the Loan Agreement and establishment of the collateral
• Collateral ownership documents, and documents required for its due establishment
• Documents related to guarantee agreements and other.

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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

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