InvestEU Guarantee Programme - SME Competitiveness

Exchange rates

as of 11/12/2024 17:00:13

Cash payment

Non-cash payment

Selling rate

1.96100

1.96000

Buying rate

1.94800

1.94900

BNB fixing

1.95583

Cash payment

Non-cash payment

Selling rate

1.90300

1.90000

Buying rate

1.81900

1.82100

BNB fixing

1.86145

Cash payment

Non-cash payment

Selling rate

2.43900

2.43400

Buying rate

2.31400

2.31800

BNB fixing

2.37191

Cash payment

Non-cash payment

Selling rate

2.15000

2.14800

Buying rate

2.05600

2.05800

BNB fixing

2.10758

Advantages

Free-of-charge InvestEU guarantee
Alleviated collateral requirements
Preferential interest terms
Large opportunities for funding
Long-term experience of UBB in the work under European programmes

Parameters

Borrowers	Micro, small and medium-sized enterprises, as per the SME Act
Purpose	Working capital loans – overdrafts, revolving credit lines, working capital loans in installments, VAT credit lines Investment loans Bank Guarantees
Maximum amount	EUR 7 500 000 or its equivalence in Bulgarian leva (BGN)
Currency	EUR/BGN
Guarantee coverage	80% of the loan
Guarantee fee	Free-of-charge, covered by UBB
Eligibility for lending	UBB will perform an assessment of the customer and of the purpose of funding in terms of eligibility
Repayment term	Investment loans - up to 144 months Working capital loans – up to 48 months
Collateral-related requirements	Not more than 50% of the loan as per a value, accepted by UBB (excl. the InvestEU guarantee)

The InvestEU Programme -SME Competitiveness is being supported by the European Union in partnership with the European Investment Fund through the InvestEU programme.

Needed Documents

Decision by 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 representative - 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 Statement of relatedness with other entities according to a sample format

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For companies with annual turnover up to 2 mln BGN

For companies with annual turnover above 1 mln BGN

For agri producters

For freelancers with annual turnover below 1 mln BGN

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