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Improved possibilities for financing
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.
The SMEs transactions are supported by the European Union under Operational Programme “Initiative for SMEs” 2014-2020 with funding from ERDF, Horizon 2020, as well as co-financing from the European Investment Fund and the European Investment Bank.
|Type||Investment loans, working capital loans - term loans, overdraft and revolving credits.|
|Period||Up to 141 months for investment credits
Up to 60 months for term working capital loans and guarantees
Up to 48 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).|
|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.
Criteria for application
Enterprises operating in innovative sectors and those developing innovative businesses can apply under the programme. The relaxed conditions can benefit enterprises that plan to expand their business through new investments or need increased working capital.
You may apply if you are a local legal entity that is registered under Bulgarian law, operates on the territory of the Republic of Bulgaria and meets the following requirements:
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.
Any investment in a new product for the market or in a new production process is innovative.
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: