A joint programme of UBB and the Fund of Funds Loss-capped Portfolio Guarantee to Overcome the Effects from the COVID-19. The programme targets easier access to loans for Bulgarian small and medium-sized businesses in view of continuation of their activities, including also for covering their liquidity needs and/or for overcoming crisis-related financial difficulties.
|Target Group||Small and medium-sized enterprises, as per the SME Act|
|Applicable State Aid Regime|| |
The received de minimis aid, including such relating to a loan under the programme, at borrower level and the persons/entities related to it as per the SME Act, over the last three financial years shall not exceed EUR 200 000 (or EUR 100 000 for enterprises in the road freight forwarding activity sector).
|Guarantee Amount|| |
The maximum amount of the loan at group of related parties level, is:
|Fees||As per UBB Fees and Commissions’ Tariff for Business Clients|
|Fund of Funds Guarantee Coverage percentage||80%|
|Fund of Funds Guarantee Fee||No fee|
The Bank provides financing on concessional terms through the support of a guarantee from the Fund of Funds. The funds needed to undertake the guarantee commitment are provided under the Operational Program "Innovation and Competitiveness" 2014 - 2020, co-financed by the European Regional Development Fund.