Loans to businesses affected by the COVID-19 pandemic
The BDB Microfinancing Institution, part of the Bulgarian Development Bank Group, provides financial support to companies affected by the COVID-19 pandemic.
Loans of up to BGN 48,800 will be offered for working capital and credit facilities.
Target group for which the product is intended: legal entities, farmers – natural persons registered as farmers, sole proprietorships, and cooperatives cultivating agricultural land (own or leased)
Requirements: Existing and start-up companies in Bulgaria experiencing shortages of working capital due to force majeure related to the economic crisis caused by the COVID-19 pandemic
Good credit history of borrower and related parties
No public liabilities (to the state budget, National Social Security Institute, etc.)No enforcement proceedings opened against the borrower and co-debtors
Loan purpose: to encourage affected micro-enterprises and companies to continue their business and keep jobs.
- Credit facility/working capital loan in instalments, incl. payment of current operating costs;
- Short-term loan to finance working capital shortages associated with the effects of the COVID-19 pandemic;
- Rescheduling of existing loans already covered by the EaSi guarantee provided by JOBS MFI
Loan amount: up to BGN 48,800/ EUR 24,950
Amount /Guaranteed Amount Currency: EUR/BGN
Repayment period: within 60 months for credit facilities and within 36 months for working capital loans.The said maximum repayment period commences on the date of execution of the loan agreement.
Grace period: up to 24 months
Financing Cost: maximum annual interest rate up to 10%; fee 0.5%
Collateral type and amount: promissory note, co-debtorship, EaSi guarantee
Contact phone numbers: