Agri Loan, Collateralized With Subsidies

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

Fast and easy access to working capital financing
Fast procedure for analysis and assessment of the borrower
More beneficial terms and conditions, as compared to standard loans
Convenient ongoing loan repayment, with no need to visit monthly a branch of the Bank
No need to present cost-proving documents upon drawdown
Early loan repayment option without penalty fees

Parameters

Target group	Agricultural producers and/or legal entities and sole proprietors, with agriculture as main scope of activity
Currency	BGN
Interest rates	Negotiable
Fees	As per UBB’s Fees and Commissions’ Tariff for Business Clients
Amount	Up to 95 % of the subsidy amount, as stated in a Certificate from State Fund Agriculture - Payment Agency or up to 100% of the received subsidies for the previous year
Manner of ongoing drawdown/ repayment	Multiple drawdown up to the approved limit – under overdraft terms and conditions
Repayment period	Not later than 30 June of each calendar year, following the year of submitting the application for receipt of subsidies
Manner of full repayment	One-off upon receipt of the funds from the subsidy, which is being paid by State Fund Agriculture - Payment Agency or with own funds
Collateral	Pledge of receivables under the expected subsidies Pledge of cash receivables in accounts

Required Documents

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
Certificate for availability /lack of arrears, issued by the revenue authority as per Art 87, Para 6 of the Tax Insurance Procedure Code;
Document, certifying the producer’s registration with the respective registers of the Ministry of Agriculture and Food.

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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

Number of employees:

Region:

Activity sector:

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Fees and terms

Exchange rates

Advantages

Parameters

Required Documents

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Working capital loan and Overdraft

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Offices and ATMs

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Fees and terms

Exchange rates