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Relaxed collateral requirements.
Pan-European Guarantee Fund program is developed in support of small and medium-sized enterprises, including Small Mid-Caps by providing enhanced access to working capital and investment financing in order to overcome the consequences of Covid-19 .
The transactions benefit from support by the EGF Guarantee Instrument, implemented by the European Investment Fund with the financial backing of the Member States contributing to the EGF.
The financing under the Pan-European Guarantee Fund program constitutes granted under the Commission Decision numbered C (2020) 9237 and based on the terms and conditions set in Sections 3.1 and 3.2 of the Temporary Framework for State aid Measures to Support the Economy in the Current COVID-19 Outbreak.
|Amount||When subject to the EGF Regime by analogy to Section 3.1 of the Temporary Framework:
|Products guaranteed by the Pan-European Guarantee Fund||
|Guarantee coverage||70 %|
|Maturity||Minimum maturity – 3 months.
Micro, Small and Medium-sized enterprises according to the SME law (up to 249 employees) as well as Small Mid-Caps (up to 499 employees) registered and operating on the territory of Bulgaria which comply with the following criteria:
From highly-qualified experts with experience in the field of corporate lending and financial services.