Loans, guaranteed by the Fund of Funds

Exchange rates

as of 29/03/2023 17:00:09

Cash payment

Non-cash payment

Selling rate

1.96100

1.96000

Buying rate

1.94800

1.94900

BNB fixing

1.95583

Cash payment

Non-cash payment

Selling rate

1.84400

1.84100

Buying rate

1.76000

1.76200

BNB fixing

1.80311

Cash payment

Non-cash payment

Selling rate

2.28600

2.28100

Buying rate

2.16100

2.16500

BNB fixing

2.22284

Cash payment

Non-cash payment

Selling rate

2.00100

1.99900

Buying rate

1.90700

1.90900

BNB fixing

1.96113

Loans, guaranteed by the Fund of Funds

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.

Advantages

Fast approval procedure
Short terms of granting loans
Free-of-charge guarantee by the Fund of Funds
Guarantee coverage of 80%

Terms and Conditions

Target Group	Small and medium-sized enterprises, as per the SME Act
Applicable State Aid Regime	De minimis 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).
Purpose	Investment loans Working capital loans Overdrafts Revolving credit lines
Currency	BGN /EUR
Tenor	For investment loans: up to 84 months For working capital loans and revolving credit lines and overdrafts: Up to 60 months
Guarantee Amount	The maximum amount of the loan at group of related parties level, is: BGN 3 million but not more than 70% of the company's revenues for 2019 or 2020 (higher value) and in compliance with the provisions applicable under the programme minimum / state aid at the level of a group of related parties
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, also including REACT-EU.

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 for availability /lack of arrears, issued by the revenue authority as per Art 87, Para 6 of the Tax Insurance Procedure Code
Certificate from the beneficial owner (s) owning / controlling at least 50% of the property that he is a local person for tax purposes (from the NRA)

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

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For companies with annual turnover up to 1 mln BGN

For companies with annual turnover above 1 mln BGN

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