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SME Loans Guaranteed by the National Guarantee Fund
LOANS FOR SMEs GUARANTEED BY THE NATIONAL GUARANTEE FUND (NGF)
Joint programme of United Bulgarian Bank and National Guarantee Fund for loan guarantees for small and medium size enterprises
For more information, please contact UBB’s branches
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Purpose of the programme
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Provision of additional collateral in the form of guarantee, issued by NGF of the principal amount and the incurred contractual interests
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Potential borrowers *
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Small and medium enterprises
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Loan purpose
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Investment and project financing
Working capital
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Currency
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EUR/BGN
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Interest
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Base Rate of UBB in BGN or EUR + margin depending on the risk
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Fees
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According to the current applicable Fees and Commissions Tariff of UBB
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Guarantee fee
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Annual inclusion fee between 0.5% and 1.5% of the guaranteed part of the loan
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Amount
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Up to BGN 1 000 000 for investments
Up to BGN 600 000 for working capital
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Loan period
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Up to 10 years for investment loans
Up to 2 years for working capital loans
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Grace period
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for investments – negotiable
for working capital – not applicable
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Collateral
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Real estate, machines, transportation vehicles, goods, receivables, cash funds, up to 110% of the loan amount
Guarantee issued by NGF, 50% of the loan amount
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* Small and medium enterprises are enterprises with annual turnover between BGN 1 and 50 million. Additional criteria is that the borrower, the related, the representing and the managing persons are not in delay of payment by more than 90 days.
