Guaranteed loans with the support of the Pan-European Guarantee Fund (EGF)

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as of 02/12/2022 17:45:19

Cash payment

Non-cash payment

Selling rate

1.96000

1.95900

Buying rate

1.94860

1.95000

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1.95583

Cash payment

Non-cash payment

Selling rate

1.90890

1.90590

Buying rate

1.82690

1.82990

BNB fixing

1.85598

Cash payment

Non-cash payment

Selling rate

2.34410

2.33910

Buying rate

2.21910

2.22310

BNB fixing

2.27806

Cash payment

Non-cash payment

Selling rate

2.02690

2.02190

Buying rate

1.94090

1.94590

BNB fixing

1.98884

Guaranteed loans with the support of the Pan-European Guarantee Fund (EGF)

The EGF guarantee programme has been developed to support liquidity and facilitate access to working capital and investment financing of small and medium enterprises in response to the crisis caused by the COVID-19 pandemic. The Programme is being implemented by the European Investment Fund with the financial support ensured through the EGF founding contributions by the member-states.

Advantages

Fast and easy access to financing
Alleviated collateral requirements
Guarantee coverage - 70%
Possible refinancing

Terms and Conditions

Target Group	Small and medium-sized enterprises, as per the SME Act
Applicable state aid regime	Based on the thresholds and the conditions subject to Chapter 3.1 of the Temporary Framework for State Aid Measures to Support the Economy in the Current COVID-19 Outbreak
Purpose	Investment loans Working capital loans Overdrafts Revolving credit lines
Currency	BGN/Euro
Tenor	Investment loan: up to 120 months Working capital loan up to 36 months
Amount	The maximum amount of the loan at group of related parties level, is: For Borrowers operating in the sector of agriculture and primary agricultural production - up to EUR 321 400 For Borrowers operating in the sector of fisheries and aquaculture - up to EUR 385 700 For Borrowers operating in all other sectors - up to EUR 2 570 000
Fees	As per UBB Fees and Commissions’ Tariff for Business Clients
Collateral	No more than 50% of the value approved by the Bank
Guarantee coverage percentage	70%

Required Documents

Loan Application and Declaration of Relatedness (as per a sample format of the Bank)
Decision by the competent body for obtaining a loan and providing collateral for it
Balance Sheet, Profit and Loss Account and a Tax Return for the last year
Copies of the ID cards of the company’s representative - borrower/co-debtor/pledgors/mortgagors
Certificate of existence/lack of liabilities issued by the revenue office under Article 87, para.6 of the Tax Insurance Procedure Code
Declaration under the EGF Programme (as per a sample format of the Bank)

Print list

Useful documents

Fees and commissions tariff of United Bulgarian Bank applicable to business clients RIR for loans to business clients - calculation and values General terms of UBB AD on payment services for business clients Excluded Sectors under EGF programme

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For companies with annual turnover up to 1 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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