The EGF guarantee programme has been developed to support liquidity and facilitate access to working capital and investment financing of small and medium enterprises in response to the crisis caused by the COVID-19 pandemic. The Programme is being implemented by the European Investment Fund with the financial support ensured through the EGF founding contributions by the member-states.
|Target Group||Small and medium-sized enterprises, as per the SME Act|
|Applicable state aid regime||Based on the thresholds and the conditions subject to Chapter 3.1 of the Temporary Framework for State Aid Measures to Support the Economy in the Current COVID-19 Outbreak|
The maximum amount of the loan at group of related parties level, is:
|Fees||As per UBB Fees and Commissions’ Tariff for Business Clients|
|Collateral||No more than 50% of the value approved by the Bank|
|Guarantee coverage percentage||70%|