Leasing of agricultural land

Subject of funding - agricultural land in Bulgaria

Maximum amount of the funding - up to BGN 300 000

Admission fee (own contribution) - at least 10%

Repayment period - from 12 to 120 months

Grace period - 18 months, maximum six months a year;

Annual interest rate - from 7% to 9.5% fixed interest rate or 3m. Euribor / Sofibor + 6.75% to 9.25% at variable interest rates.

Types of collateral - promissory note; surety; registration of the lease in the SPR

Criteria for preliminary selection of applicants for funding:

To have a viable business idea the implementation of which could lead to the creation of new jobs;
To operate in the field of production, trade, services and/ or agriculture;
To enjoy a good reputation among the local community, and to be creditworthy parties;
To be (re)registered in the Trade Registry with the Registry Agency /if applicable/;
To provide financial resources for their own participation in the investment.