Overdraft For Microbusinesses | UBB | United Bulgarian Bank

Advantages

Direct drawdown and repayment under the current account
Option for using a specific limit of funds without collateral
A greater number of financing opportunities upon using guarantee instruments
Attractive individual pricing terms

Parameters

Borrowers	Legal entities registered under the Bulgarian legislation, as well as freelancers and agricultural producers
Loan purpose	Credit limit to cover current needs
Currency	BGN и EUR
Business history	Minimum 18 months of active operation
Loan amount without tangible assets collateral	Up to BGN 200 000 / EUR 100 000
Loan amount with tangible assets collateral	Up to BGN 600 000 / EUR 300 000
Maximum tenor	12 months for a new client of the Bank, without collateral 12 months with the option for renewal up to 36 months, with tangible assets collateral 12 months with the option for renewal up to 60 months, with tangible assets collateral and a guarantee instrument
Types of collateral	Unsecured Secured with a mortgage on a real estate Secured with a pledge of cash funds
Other	An option to be included in guarantee instruments
Interest rates	Variable annual interest rate, formed from the short-term interest rate based on BNB’s statistics (for loans in Bulgarian leva), or, respectively 1-month EURIBOR (for loans in euro) and a fixed margin, determined individually depending on the amount, currency, tenor and collateral under the requested loan as well as the client’s risk profile.
Fees	As per the bank’s Fees and Commissions’ Tariff for Business Clients and the loan agreement. For secured loans there are also ancillary expenses related to the insurance and establishment of the collateral - for drawing up of a market appraisal, for establishment of a mortgage/pledge, for issuance of certificates, etc..

Required Documents

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

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Useful documents

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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

Number of employees:

Region:

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Online/Mobile

Fees and terms

Exchange rates

Overdraft For Microbusiness clients

Advantages

Parameters

Required Documents

Send Request

Book a Video Meeting

Business Credit Cards MasterCard Business

Mass Payroll

UBB Online

Contact us

Offices and ATMs

Online/Mobile

Fees and terms

Exchange rates

Overdraft For Microbusiness clients

Advantages

Parameters

Required Documents

Send Request

Book a Video Meeting

Business Credit Cards MasterCard Business

Mass Payroll

UBB Online

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.