COSME and NGF combined guarantee | UBB

Advantages

Predictability - fast and easy access to financing
Flexibility - alleviated collateral requirements
Convenience - larger opportunities for financing

Parameters

Purpose	Working capital loans – term loans, overdrafts, VAT credit line Investment loan for purchasing transportation vehicles Bank guarantees
Currency	Bulgarian leva (BGN)
Maximum amount	BGN 300 000 for working capital loans, bank guarantees BGN 300 000 as regards investment loans for purchase of transportation vehicles
Guarantee Coverage	80% of the loan amount
Guarantee Fee	No fee for guarantee issuance
Inadmissible loans	Refinancing of present loans Financing of European projects
Repayment term	Working capital loans, bank guarantees – from 12 up to 60 months Investment loans for purchase of transportation vehicles – from 12 up to 60 months
Collateral-related requirements	Not more than 70% of the loan at the collateral’s discounted value
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

*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. The Programme is in support of small and medium-sized enterprises with staff number up to 250 employees.

** Joint programme of UBB and NGF for guaranteeing loans to small and medium-sized enterprises

Required Documents

Loan Application and a Declaration of Relatedness with other entities, as per a sample format of the Bank
Declaration Statement under COSME
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

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

For agri producters

For freelancers with annual turnover below 1 mln BGN

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COSME and NGF combined guarantee for business loans and micro enterprises

Advantages

Parameters

Required Documents

Send Request

Book a Video Meeting

Business Partnership package

Virtual POS Terminals

Business Credit Cards MasterCard Business

Contact us

Offices and ATMs

Online/Mobile

Fees and terms

Exchange rates

COSME and NGF combined guarantee for business loans and micro enterprises

Advantages

Parameters

Required Documents

Send Request

Book a Video Meeting

Business Partnership package

Virtual POS Terminals

Business Credit Cards MasterCard Business

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