Allianz Bank Bulgaria and the National Guarantee Funf signed a new Agreement for loan portfolio and factoring transactions guarantee under the European Guarantee Fund (EGF) mechanism in support of enterprises affected by the COVID-19 epidemic for the total amount of EUR 23 million.

1/ What is it?

The EGF is a new guarantee mechanism set up by EU member states as an anti-crisis measure to overcome the serious difficulties in the economy in the face of the COVID-19 epidemic. The measure is implemented in accordance with the requirements for the state aid category.

The main objective is to support small, medium sized and Mid - cap enterprises (with up to 500 employees) by facilitating access to finance for investment and current activities. The bank provides loans to companies with reduced collateral requirements, as well as discounts on interest rates on loans to micro-enterprises and factoring transactions.

Type of transactions:

• investment and working capital loans and refinancing;

• factoring services, representing the amounts paid in advance to the client against invoices ceded by them under a recourse factoring contract.

The guaranteed amount equals to 70% of the sum of each loan / factoring transaction.

2/ Who might benefit from the program?

Micro -, small and medium enterprises within the meaning of the Law on Small and Medium - sized Enterprises, as well as Mid – cap enterprises (with up to 500 employees, assets up to EUR 100 million or net sales revenues up to EUR 86 million inclusive) from all over the country. 

3/ What are the main conditions?

• The maximum amount of the financing may not exceed EUR 2,570,000 or the equivalent in BGN to the borrower and the related parties at a Program level;

• Currency of financing: BGN and EUR;

• The Bank provides its clients with various financing options according to their individual needs.

4/ Application deadline:

• 20 December 2022

Allianz Bank Bulgaria and National Guarantee Fund signed a new Agreement for a guaranteed portfolio of loans and bank guarantees. The main objective is to support SMEs by improving the access to finance for working capital and investments.

1/ What is it?

The main goal is to facilitate the access for SMEs through relaxed collateral requirements. 

Guarantee cover - up to 50%

Loans for:

• working capital;

• investment projects/intentions;

• bank guarantees.

2/ Who mignt benefit from the program?

Micro, small and medium - sized enterprises within the meaning of the Small and Medium - Sized Enterprises Act, including farmers, whose ultimate controlling owner is not an entity registered in an Offshore Zone.

3/ Terms and conditions:

• The maximum guaranteed amount may not exceed BGN 2 000 000 to the borrower and the related parties.

4 / Application deadline:

• 20 June 2025

Allianz Bank Bulgaria and Bulgarian Development Bank signed a Financial Agreement for guaranteeing a portfolio of loans under the Portfolio Guarantee Program in support of the liquidity of enterprises affected by the emergency situation and the COVID-19 epidemic . The main objective is to support SMEs and Small mid-caps by improving access to finance for current needs and investments.

1/ What is it?

The guarantee program is one of the anti-crisis measures of the Bulgarian government to overcome serious difficulties in the economy in the conditions of the epidemic outbreak of COVID-19 with a total budget of BGN 400 million. The measure is designed and implemented in accordance with the requirements for the state aid category.

The main goal is to support enterprises by improving access to financing for current needs and investments through collateral benefits. 

The loans under the Program are unsecured, with the exception of personal guarantees, provided by the beneficial owners of the enterprise.

Both new working capital and investment loans can be included in the Program.

2/ Who mignt benefit from the program?

2.1. Micro, small and medium enterprises within the meaning of the Law on Small and Medium-Sized Enterprises and Small mid-caps (personnel up to 499, incl.; assets up to EUR 100 million or turnover up to EUR 86 million, incl.) from all sectors throughout the country, and the measure is expected to benefit mainly the sectors most affected by the crisis: trade, services, including transport, tourism, hospitality and catering, logistics, exports and others.

2.2. Applicants for funding must meet at least one of the following requirements:

• The borrower suffers difficulties by the COVID-19 epidemic;

• The borrower has at least three completed financial statements, with reported sales revenue and accounting profit for at least one of the last three years.

3/ Terms and conditions:

• The maximum amount of the provided financing may not exceed BGN 3 000 000 to the borrower and the related parties at the level of the Program;

• The bank provides its clients with various financing opportunities, according to their individual needs.

4 / Application deadline:

• 22 June 2022

Allianz Bank Bulgaria and National Guarantee Fund signed an agreement for a guaranteed portfolio of transactions under the COSME program. The main goal is to improve the access to financing for SMEs through a risk-sharing mechanism.

 1/ What is it?

The main goal is to facilitate the access to finance for micro, small and medium-sized enterprises through relaxed collateral requirements.

Guarantee cover – 50%.

Loans for:

• working capital;

• investment projects / intentions;

• standard loans;

• bank guarantees

2/ Who might benefit from the program?

 Micro, small and medium-sized enterprises within the meaning of the Small and Medium-Sized Enterprises Act, including farmers, whose ultimate controlling owner is not an entity registered in an Offshore Zone.

3/ Terms and conditions:

 Currency: BGN and EUR

 Loan amount:

• minimum loan amount / bank guarantee – no limit

• maximum loan amount / bank guarantee:

• for Transactions with a term of up to 54 months – EUR 1 500 000;

• for Transactions with a term of up to 114 months – EUR 750 000;

Loan term:

• for investment loans and working capital loans with a repayment plan – up to 114 months;

•  for revolving and overdraft loans – up to 54 months.

Allianz Bank Bulgaria and National Guarantee Fund signed an agreement for issuing guarantees on loans to supplement collateral for SMEs approved for support under the Rural Development Programme 2007-2013 and 2014-2020, as well as Enterprises from the Livestock sector and the Crop sector.

1/ What is it?

The main goal is to facilitate access to finance for small and medium-sized enterprises through a mechanism for risk sharing in the implementation of investments related to the implementation of projects approved for support under the Rural Development Programme of the Republic of Bulgaria (2014-2020), costs related to the implementation of projects under the Rural Development Programme of the Republic of Bulgaria (2007-2013), as well as for financing the investment or working needs of enterprises in the Livestock sector and the Crop sector.

2/ Who mignt benefit from the program?

Micro, small and medium-sized enterprises within the meaning of the Small and Medium-Sized Enterprises Act, including farmers, whose ultimate controlling owner is not an entity registered in an Offshore Zone.

3/ Terms and conditions:

• The guarantee limit of the borrower and the related persons is up to BGN 3 millions

• Maximum loan guarantee rate – 50%

Allianz Bank Bulgaria and the Municipal Guarantee Fund for Small and Medium-Sized Enterprises at Sofia Municipality signed a Loan Guarantee Agreement. The main goal is to improve the access to financing for SMEs registered and / or operating in the territory of Sofia Municipality (including innovative business projects and / or start-ups) through a risk-sharing mechanism.  

1/ What is it?

Loans for:

• current needs;

• investment projects / intentions;

• standard loans

2/ Who might benefit from the program?

• small and medium-sized enterprises registered and / or operating on the territory of Sofia Municipality;

• small and medium-sized enterprises registered and / or operating on the territory of Sofia Municipality for financing innovative business projects and / or start-ups

3/ Terms and conditions:

Currency: BGN and EUR

Loan amount:

• Minimum loan amount – no limit

• Maximum loan amount – no limit

Maximum guarantee amount:

• For SMEs registered and / or operating on the territory of Sofia Municipality – up to 50% of the loan principal, but not more than BGN 150 000 (one hundred and fifty thousand), regardless of the principal amount of the loan.

• For SMEs registered and / or operating on the territory of Sofia Municipality for financing innovative business projects and / or start-ups – up to 50% of the loan principal and up to a maximum amount of BGN 30 000 (thirty thousand), regardless of the principal amount of the loan.

Loan term:

• for working capital loans with a repayment plan – up to 60 months;

• for revolving loans – 12 months with an option for renewal

• for investment loans – up to 120 months depending on the investment