Bank Guarantees Limit for micro companies

Borrowers	Legal entities registered under the Bulgarian legislation, as well as freelancers and agricultural producers
Loan Purpose	To secure an unconditional commitment on the part of the Bank under bank guarantees issued by it upon your instruction, in favour of a supplier or client of yours, a state or municipal institution, or another bank
Business history	Minimum 18 months of active operation
Currency of the guarantee	BGN, EUR, USD in case of guarantee instrument - BGN and EUR
Loan amount without tangible assets collateral	Up to BGN 200 000 / EUR 100 000
Loan amount with tangible assets collateral	Up to BGN 600 000/ EUR 300 000
Loan tenor	Up to 48 months – without collateral Up to 60 months – with collateral: mortgage on a real estate, with a pledge of cash funds in an account with UBB
Types of collateral	Unsecured Secured - acceptable collateral: real estates, fixed tangible assets and other acceptable ones according to the Bank's policy for financing micro businesses
Other	Option for using guarantee instruments
Fees	As per the Bank’s Fees and Commissions’ Tariff for Business Clients. For secured credit limits there are also ancillary expenses related to the insurance and establishment of the collateral - for drawing up of a market appraisal, for establishment of a mortgage/pledge, for issuance of certificates, etc.

Loan and credit card application for small enterprises
Balance Sheet, Income Statement and a Tax Return of the Borrower for the last one or two closed financial years, as at the application date
Copies of the ID cards of: the representative of the company - borrower; a co-debtor; collateral providers
Decision of the competent body of the company – in the latter’s capacity as borrower/co-debtor/owner of the collateral, for conclusion of the Loan Agreement and establishment of the collaterals
Collateral ownership documents, and documents required for the collaterals’ due establishment
Documents related to guarantee agreements.

Useful documents

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