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Financing under EU Programmes

“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:

Minimum – BGN 60 000
Maximum – BGN 2 mio
Minimum – 6 months
Maximum – until June 2028
Interest rate
According to the Interest rate Bulletin
According to the Tariff for Legal Entities