Guaranteed loans by the National Guarantee Fund

Target group	Small and medium-sized enterprises within the meaning of the SME Act
Aim	Investment loans Working capital loans Bank guarantees and Letter of credits
Currency	BGN / EUR
Interest rates	Negotiable
Fees	As per UBB’s Fees and Commissions’ Tariff for Business Clients
Guarantee issuance fee	No fee for issuance of the NGF guarantee
Amount	Negotiable The maximum guarantee coverage is up to BGN 2 000 000 / EUR 1 000 000 for the group of related parties
Tenor	Up to 12 years
Grace period	Negotiable
Collateral	Long-term tangible assets and/or current assets, as the assets, subject of the investment and the expected subsidy under the project are mandatory used as collateral The NGF guarantee

Decision of the company’s competent body for obtaining a loan and providing collateral for it
Balance Sheet, Income Statement and a Tax Return for the last year
Collateral ownership documents - copies of the ID cards of the company’s representatives - borrower/co-debtor/pledgors/mortgagors;
Certificate for availability /lack of arrears, issued by the revenue authority as per Art 87, Para 6 of the Tax Insurance Procedure Code;
Declaration of relatedness with other entities

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