“InvestEU Sustainability” benefits from support from the European Union under the InvestEU Fund." The programme is funded by the European Union – NextGenerationEU with the financial backing of Bulgaria under the InvestEU Member State Compartment for Bulgaria. This Guarantee is funded by the Recovery and Resilience Facility, under the Recovery and Resilience Plan for Bulgaria.
ProCredit Bank, in partnership with the European Investment Fund (EIF), provides loans to support Small and Medium-sized enterprises and Small Mid-Caps under the "InvestEU SME Sustainability" guarantee instrument with preferential collateral conditions.
Eligibility criteria
● Borrowers - Micro, small and medium-sized enterprises, according to the Law on SMEs and Small Mid-Caps;
● Loan amount – up to EUR 7.5 million or equivalent in BGN (under certain conditions, the limit could be increased up to EUR 15 million);
● Currency - EUR, BGN;
● Guarantee coverage – up to 80%;
● Interest rate and fees – preferential conditions. The guarantee fee is covered by ProCredit Bank;
● Collateral – reduced requirements for the collateral provided by the enterprises, up to 40% of the financing amount;
● Term of financing:
- minimum 12 months;
- up to 144 months.
● Client eligibility criteria:
The borrower should be qualified as a “Sustainable enterprise” or the purpose of the loan shall meet at least one of the investment below:
- Climate change - Renewable energy; Green and energy efficient buildings; Industrial energy efficiency; Zero emission mobility; Green Information Communication Technology; Climate resilience;
- Transition to a circular economy - Sustainable use of materials; Waste reduction, collection; Product as a service, reuse and sharing models that enable circular economy strategies; Green Information Communication Technology enabling circular economy;
- Water resources;
- Pollution prevention and control;
- Protection and restoration of biodiversity and ecosystems;
- Green Investments in Agriculture and Forestry;
- Social Accessibility Investment.
“InvestEU SME Competitiveness” benefits from support from the European Union under the InvestEU Fund." The programme is funded by the European Union – NextGenerationEU with the financial backing of Bulgaria under the InvestEU Member State Compartment for Bulgaria. This Guarantee is funded by the Recovery and Resilience Facility, under the Recovery and Resilience Plan for Bulgaria.
ProCredit Bank, in partnership with the European Investment Fund (EIF), provides loans to support Small and Medium-sized enterprises under the "InvestEU SME Competitiveness" guarantee instrument with preferential collateral conditions.
Eligibility criteria
● Borrowers - Micro, small and medium-sized enterprises, according to the Law on SMEs;
● Loan amount – up to EUR 7.5 million or equivalent in BGN
● Currency - EUR, BGN;
● Guarantee coverage – up to 80%;
● Purpose of the loan - working capital and/or investments;
● Interest rate and fees – preferential conditions. The guarantee fee is covered by ProCredit Bank;
● Collateral – reduced requirements for the collateral provided by the enterprises, up to 40% of the loan amount;
● Term of financing:
- minimum 12 months;
- up to 48 months for working capital;
- up to 144 months for investment loans.
ProCredit Bank, in cooperation with the National Guarantee Fund, offers investment and working capital loans, as well as bank guarantees and letters of credit for micro, small or medium-sized enterprises in Bulgaria.
The agreement aims to provide small and medium-sized enterprises with financing through a risk-sharing facility, implementing a guarantee scheme with a maximum loan guarantee rate of up to 50% (fifty percent).
Eligibility criteria for enterprises:
- The borrower is a micro, small or medium-sized enterprise, within the meaning of the Small and Medium-Sized Enterprises Act, registered and operating in Bulgaria
- The enterprises should be economically viable and not in a difficult or exclusionary situation
- The borrower has a known ultimate controlling parent and the guaranteed portfolio cannot include loans of enterprises whose ultimate controlling parent is a company registered in a preferential tax jurisdiction.
Loan purpose:
- Investment
- Working capital, including limits on bank guarantees and letters of credit, payment of VAT, etc.
Loan parameters:
| Amount | Minimum – BGN 60 000 Maximum – BGN 2 mio |
| Term | Minimum – 6 months Maximum – until June 2028 |
| Currency | BGN, EUR |
| Interest rate | According to the Interest rate Bulletin |
| Fees | According to the Tariff for Legal Entities |
