Overdraft For Microbusinesses | UBB | United Bulgarian Bank

Advantages

Direct drawdown and repayment on a current account
Option for using a specific limit of funds without collateral
Discounts in price parameters upon utilization of other services
Reduced collateral requirements upon using guarantee instruments

Parameters

Loan purpose	Credit limit to cover current needs
Currency	BGN
Minimum amount	BGN 10 000
Maximum amount without collateral	BGN 100 000
Maximum amount with collateral	BGN 500 000
Tenor	Up to 60 months, with review every 12 months
Interest rates	Variable annual interest rate, formed of UBB’s Reference Interest Rate and a fixed margin
Fees	As per the Bank's Tariff for Business Clients
Collateral Types	Unsecured Cash funds Movable assets Mortgage on a real estate Guarantee under the COSME and COSME-COVID* Programme NGF guarantee

*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.

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
Balance Sheet, Income Statement, report on the average staff number for the last year of the related parties as per the SME Act (in case of COSME guarantee)
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