Loans, guaranteed by the Bulgarian Development Bank

Exchange rates

as of 27/06/2022 15:15:07

Cash payment

Non-cash payment

Selling rate

1.96000

1.95900

Buying rate

1.94850

1.95000

BNB fixing

1.95583

Cash payment

Non-cash payment

Selling rate

1.87930

1.87720

Buying rate

1.81270

1.81770

BNB fixing

1.85845

Cash payment

Non-cash payment

Selling rate

2.30710

2.30210

Buying rate

2.23220

2.23720

BNB fixing

2.28024

Cash payment

Non-cash payment

Selling rate

1.96290

1.95790

Buying rate

1.89000

1.89500

BNB fixing

1.94185

Loans, guaranteed by the Bulgarian Development Bank

A joint programme between UBB and the Bulgarian Development Bank (BDB) supporting the liquidity of small, medium and large enterprises, adversely affected by the extraordinary situation and the COVID-19 pandemic. The guarantee programme is among the anti-crisis measures, initiated by the Bulgarian government for handling the severe economic constrains amidst the COVID-19 pandemic.

Advantages

Fast approval procedure
Short deadlines for loan disbursement
Guarantee coverage of 80%
Alleviated collateral requirements

Terms and Conditions

Target Group	Small and medium-sized enterprises, as per the SME Act Small midcaps with up to 499 employees (incl.) and up to EUR 100 million asset value (incl.) or up to EUR 86 million sales income (incl.).
Purpose	Investment loans Working capital loans Overdrafts Revolving credit lines
Currency	BGN/Euro
Amount	The maximum amount of the loan at a group of related parties level, is BGN 3 million.
Fees	As per UBB Fees and Commissions’ Tariff for Business Clients
Guarantee fee	Each Borrower pays a guarantee fee charged by the UBB and due to the BDB ЕAD for the guarantee provided by the latter.
Tenor	Maximum 72 months for investment loans Maximum 60 months for revolving loans 36 months for the working capital loans with a repayment schedule Not later than 30.06.2028
Percentage of coverage of the BDB guarantee	80%

Required Documents

Loan Application and Declaration of Relatedness (as per a sample form of the Bank)
Decision by the competent body for obtaining a loan and providing the related collateral
Balance Sheet, Profit and Loss Account and a Tax Return for the last fiscal 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 of Relatedness with other entities

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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For freelancers with annual turnover below 1 mln BGN

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