European programs
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Bridge Loan under an Operational Programme
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Borrower
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SMEs, meeting the criteria of the specific Operational Programme
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Purpose
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Bridge lending, in amount up to the approved gratuitous financial aid under the respective measure of the Operational Programme, over the period until its receipt
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Currency
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BGN or EUR
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Interest
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UBB AD Base Rate /in BGN and EUR/ + margin, according the risk assessment
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Amount
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Minimum admissible amount of BGN 5 000.
The amount of the loan is up to the amount of the approved gratuitous financial aid
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Drawdown
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In tranches, according to the project implementation deadlines
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Loan period
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Until payment of the gratuitous financial aid
Maximum period – the deadline for completing the investments under the agreement for gratuitous financial aid, extended by 6 months
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Grace period
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Negotiable
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Repayment
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Negotiable, the received gratuitous aid will be used for loan repayment
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Collateral
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Pledge of the receivable gratuitous financial aid
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Additional terms
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In case of the client’s participation with own funds and an explicit requirement of the financing programme for depositing own funds under the project in a special (Escrow) account, this account shall be opened with UBB AD.
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