Financing under EU Programmes

Loans under the InnovFin Programme

ProCredit Bank offers investment and working capital loans to companies under the InnovFin Programme. By providing guarantees. The Programme aims to support the financing of innovations of SMEs.

Amonth up to EUR 7.5m
Currency BGN/EUR
Interest rate preferential interest rate
Fees as per the bank’s Price List for legal entities
Collateral 50% less collateral is required

Under the InnovFin Programme ProCredit Bank offers loans to:

  • enterprises focused on research and development activity
  • enterprises which have been operating on the market for less than 12 years and their workforce or turnover has increased by at least 20% p.a. over a three-year period
  • enterprises which have been operating on the market for less than 7 years and their R&I costs represent at least 5% of their total operating costs
  • enterprises initiating innovative investments (e.g. the introduction of new or significantly improved products, goods and services; important changes in the production process; innovations in the form of production organisation as well as new marketing methods and concepts)

The InnovFin Programme provides financing of innovative companies in particular projects which results in increasing the competitive advantage and efficiency, reducing costs and improving the workplace satisfaction.

Final Recipient Transaction is supported by the InnovFin SME Guarantee Facility, with the financial backing of the European Union under Horizont 2020 Financial Instruments and the European Fund for Strategic Investments (EFSI) set up under the Investment Plan for Europe. The purpose of EFSI is to facilitate financial support and the realization of the productive investments in the European Union and to ensure increased access to financing.

EU Programme Loans

EU programme loans aim to increase businesses’ competitiveness by providing easier access to financing for small and medium-sized enterprises. These loans are disbursed with particularly good conditions - lower interest rates, fewer collateral requirements and fees and, in some cases, partial non-refundable aid. Do not miss this opportunity to develop your business. Let your ProCredit client adviser help you choose the loan best suited to your specific needs.

Loans in cooperation with the EIB

ProCredit Bank, in cooperation with the European Investment Bank offers investment and working capital loans to small and medium enterprises (SMEs) defined as enterprises with less than 250 employees or MidCaps defined as enterprises with minimum 250 and less than 3 000 employees (full-time equivalent).

The European Investment Bank, the financing institution of the European Union established in 1958 by the Treaty of Rome, participates side-by-side with ProCredit Bank (Bulgaria) EAD in the financing of investment projects which form part of the objectives of the European Union.

Eligible projects:

  • Purchase, renovation or extension of tangible assets
  • Intangible assets
  • Working capital needs  

Loan parameters:

Loan amount up to EUR 12.5 mio
Loan term min 24 months
Currency BGN, EUR
Interest rate preferential interest rate
Fees as per the bank’s Price List for legal entities


JEREMIE Documentary Finance Guarantee Facility


ProCredit Bank offers trade finance and working capital under JEREMIE Documentary Finance Guarantee Facility under favorable conditions and a minimum of 50% less collateral, aiming to facilitate and support small and medium enterprises in the country.

Final recipients eligibility criteria:

  • SMEs (up to 250 employees) or Small Mid-Caps (up to 500 employees), established and operating in the Republic of Bulgaria;
  • The final recipients are potentially economically viable and are not in default or in an exclusion situation;
  • The De Minimis aid received by each final recipient for the last three years does not exceed EUR 200,000 

Final recipient transaction еligibility criteria:

  • The financing is in the form of:
    - a bank guarantee or a letter of credit;
    - an overdraft, a credit line or a loan with monthly instalments;
    - a credit line for working capital and trade finance operations.
  • Аmount committed - shall not exceed EUR 3 million or De Minimis limit;
  • Currency – BGN, EUR, USD; 
  • Мaturity – up to 5 years;
  • The transactions shall be newly originated;
  • The transactions shall not finance activities linked to production to fishery and aquaculture sector, primary production of agricultural products, as well as processing and marketing of agricultural products, etc. under the De Minimis Regulation;
  • The transactions shall not finance activities linked to manufacture, wholesale and retail trade of fossil fuels and derivatives (including but not limited to refined petroleum products);
  • The Final Recipient Transaction shall not be used to pre-finance grants.

The transactions benefit from support from the Documentary Finance Guarantee Facility, implemented by the European Investment Fund and funded by the Ministry of Economy of Republic of Bulgaria with national funds received as reflows from JEREMIE Initiative operations.

How to apply

Complete the following steps to apply:

  1. Contact our call centre at 0700 1 70 70 or complete our contact form and we will call you back
  2. Discuss the financing you would like to receive with our client advisers
  3. Submit a  Loan application form and provide the required documents.
  4. Tell us about your business
  5. We will respond within the time period indicated


Application documents:

  • Completed  Loan application form
  • Copy of the business owner’s personal identification card
  • Copy of the company’s tax declaration, balance sheet and income statement
  • Documentation regarding the collateral presented