Guaranteed Agri Loans

Joint programme of United Bulgarian Bank (UBB) and the National Guarantee Fund (NGF) for guaranteeing loans to small and medium-sized enterprises with approved projects under the Rural Development Programme, as well as for enterprises, operating within Horticulture and Livestock Production Sectors

Programme Parameters

Programme Objective

Provisioning of additional collateral in the form of a guarantee by the National Guarantee Fund for beneficiaries' projects with approved funding under the Rural Development Programme 2014-2020, Rural Development Programme 2007-2013, as well as for enterprises within Horticulture and Livestock Production Sectors

Beneficiaries

  • SMEs with approved projects under the Rural Development Programme
  • SMEs within Horticulture Sector
  • SMEs within Livestock Production Sector

Purpose

  • Funding of investments for realization of approved projects under Rural Development Programme 2014-2020 and Rural Development Programme 2007-2013
  • Financing of costs, linked to realization of projects under the Rural Development Programme
  • Funding of investment or working capital needs of enterprises within Horticulture and Livestock Production Sectors

Currency

  • BGN
  • EUR

Interest

Negotiable

Fees

As per UBB Fees and Commissions' Tariff for Business Clients

Guarantee Issuance Fee

No fee for issuing a guarantee by the National Guarantee Fund

Amount

  • Maximum loan amount: BGN 6 000 000, or its equivalence in euro
  • Maximum guarantee cover: up to 50% of the approved loan amount, but not more than BGN 3 000 000.

Period

Maximum 10 years

Grace Period

Negotiable

Collateral

  • Mandatory collateral: investment-related long-term tangible assets and/or short-term assets, plus the expected grant under the project
  • Guarantee by the National Guarantee Fund

 

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