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Attractive price terms
The portfolio guarantee provided by the European Investment Fund is used to finance small and medium-sized enterprises under alleviated requirements for collateral and attractive price terms.
This Guarantee is provided by COSME and the European Fund for Strategic Investments (EFSI) set up under the Investment Plan for Europe. The aim of EFSI is to support the financing and implementation of productive investments in the European Union and to ensure increased access to finance.
|Type||Investment loans, working capital loans - term loans, overdraft and revolving credits.|
|Period||Up to 117 months for investment credits
Up to 60 months for term working capital loans and guarantees
Up to 60 months for overdrafts and revolving credits
|Collateral||Immovable property, tangible fixed assets and other eligible assets according to Raiffeisenbank’s policy for financing Microbusinesses and without securing with tangible assets (up to EUR 60,000.00).|
|Fees||According to the Bank’s Tariff of Fees and Commissions for Legal Entities.
For secured loans, there are also incidental costs related to the collateral: for market valuation, mortgage, issuance of certificates, etc.
Criteria for application
The relaxed conditions can benefit enterprises that plan to expand their business through new investments or need increased working capital.
Any local legal entity which is a small or medium-sized enterprise within the meaning of the SMEs Act, which is not an „undertaking in difficulty“ (within the meaning of Commission Regulation (EU) No C (2014) 651/2014 of 17 June 2014) and which does not conduct activities related to one or more banned sectors under COSME* may apply.
Illegal activities - any production, trade or other activity that is illegal under the legislation of the Republic of Bulgaria, production and trade of alcohol and tobacco products and related products, production and trade in arms and ammunition of all kinds.
This limitation does not apply to activities that are part of or complementary to European Union policy; Casinos and equivalent businesses; Prohibited IT Activities: research, development or technical applications related to electronic programmes or solutions for online casinos, gambling, pornography, or designed to enable unauthorized access to and retrieval of electronic data.
Other activities - research, development or technical applications related to the cloning of people for scientific or curative purposes; GMO.
This program is aimed only at legal entities (with a BULSTAT registration).
Yes. The guarantee can also be used by farmers. There is a condition to have a BULSTAT registration.
No business plan is required in order to obtain a credit. Our specialists will discuss your development and innovation plans with you.
The guarantee is free of charge for the client.
The consultation with our specialists on the use of a credit is absolutely free of charge. You are welcome to our offices!
Depending on the currency, the interest on the loan is: