Loans to micro enterprises, guaranteed by the NGF | UBB

Purpose	Financing of European projects: - Investment loans - VAT credit line - Bank guarantees
Currency	BGN
Maximum amount	BGN 300 000 as regards investment loans for purchase of machinery, equipment, transportation vehicles BGN 500 000 as regards investment loans for purchase and/or repair of real estates BGN 300 000 for bank guarantees BGN 100 000 for VAT credit line
Guarantee Coverage	50% of the loan amount
Guarantee Fee	No fee for guarantee issuance
Repayment term	Investment loans for purchase of machinery, equipment, transportation vehicles – from 12 up to 60 months Investment loans for purchase and/or repair of real estates - from 12 up to 180 months Loans for bank guarantees – from 12 up to 60 months VAT credit line - 12 months
Collateral-related requirements	Long-term tangible assets, subject of the investment, as well as the anticipated subsidy under the project Minimum 80% of the loan at market value for investment loans
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

Loan Application and a Declaration of Relatedness with other entities, as per a sample format of the Bank
Balance Sheet, Income Statement and a Tax Return of the Borrower 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
Copies of the ID cards of the company’s representative - borrower/co-debtor/pledgors/mortgagors
Decision of the competent body of the company – in the latter capacity as borrower, co-debtor and owner of the collateral, for conclusion of the Loan Agreement
Collateral ownership documents
Certificate for availability /lack of arrears, issued by the revenue authority as per Art 87, Para 6 of the Tax Insurance Procedure Code