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Better possibilities for financing
The program is for you if you are a fast growing enterprise or have innovative ideas for expanding your business.
The scheme is aimed at financing the business of enterprises under alleviated collateral requirements and at attractive price terms. For that purpose the European Investment Fund provides a portfolio guarantee for credit risk.
The financing is provided under the InnovFin Guarantee Facility with the financial support of the European Union through the financial instruments of Horizon 2020.
|Type||Investment loans, working capital loans - term loans, overdraft and revolving credits.|
|Period||Up to 120 months for investment credits
Up to 60 months for term working capital loans and guarantees
Up to 36 months for overdrafts and revolving credits
|Price conditions||Preferential price conditions depending on the type of credit and the collateral provided.|
|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.
The programme can finance both enterprises working in innovative sectors and enterprises that develop innovative businesses as well as companies operating in traditional sectors but investing in development.
Applications may be submitted by any local legal entity that is registered under Bulgarian law, operates on the territory of the Republic of Bulgaria and meets the following requirements - meets the criteria for micro, small and medium-sized enterprises (SMEs) under the SMEs Act at the date of the loan agreement.
It is not engaged in activities opposing the environmental, health and safety regulations and the applicable legislation of the Republic of Bulgaria.
You are welcome to a Raiffeisenbank bank office that is convenient for you or to the Business Centre Small Enterprises of Raiffeisenbank:
Unacceptable any speculative transactions with immovable property as well as all speculative investment activities.
An activity opposing the environmental, health and safety regulations and the applicable legislation of the Republic of Bulgaria as well as activities that do not correspond to the policy and internal rules of the bank are not allowed.
Other activities forbidden by law.
An enterprise is considered a fast-growing enterprise if it has been on the market for less than 12 years since its first sale, it has a revenue growth of at least 20% for the last 3 completed financial years and has 10 or more employees.
Any investment in a new product for the market or in a new production process is innovative.
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 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:
Yes. The minimum amount of a loan under the InnoFin Programme is EUR 25,000.00 or the equivalent amount in BGN.