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Allianz Bank Bulgaria AD and Bulgarian Development Bank AD have concluded a Financial Agreement for guaranteeing a portfolio of loans under the Portfolio Guarantee Program in support of the liquidity of micro, small and medium enterprises (SMEs) affected by the emergency situation and the COVID-19 epidemic . The main objective is to support SMEs by improving access to finance for current needs and rescheduling through a risk-sharing mechanism.

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 500 million. The measure is designed and implemented in accordance with the requirements for the state aid category.

The main goal is to support SMEs by improving access to finance for current needs and rescheduling obligations, through discounts in collateral requirements.
Collateral required by the client - not more than 20% of the value accepted by the Bank;

Warranty coverage - 80%.

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

2/ Who is it for?

2.1. Micro, small and medium enterprises within the meaning of the Law on Small and Medium-Sized Enterprises 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:

  • Decrease in turnover after the first quarter of 2020, compared to the same period in 2019;
  • Existence of uncollected receivables from customers, or amounts unpaid to suppliers after March 1, 2020;
  • Discontinued import deliveries necessary for the operation of the enterprise / canceled export contracts;
  • Cases of illness and self-isolation of employees, total reduction in the number of employees, closed production facilities, premises and offices.
3/ Parameters and terms
 
  • The maximum amount of the provided financing may not exceed BGN 300 000 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 / Deadline for filing an application:
  • 23 December 2020

Allianz Bank Bulgaria AD and National Guarantee Fund EAD have concluded an Agreement for guaranteeing a portfolio of transactions under the COSME Program. The main goal is to improve the access to finance for small and medium-sized enterprises 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 is it for?

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/ Parameters and terms

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 AD and National Guarantee Fund EAD have concluded an Agreement for guaranteeing a portfolio of credits. The main goal is to improve access to finance for small and medium-sized enterprises through a risk-sharing mechanism.

1/ What is it?

The main goal is to facilitate access to finance for small and medium-sized enterprises through a risk-sharing mechanism.

Loans for:

  •  current needs
  • investment projects / intentions
  •  standard loans
  • bank guarantees

2/ Who is it for?

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/ Parameters and terms

Currency: BGN and EUR

Loan amount:

  •  minimum loan amount / bank guarantee – no limit
  • maximum loan amount / bank guarantee:
  •  no limit for bank guarantees and working capital loans up to 90% of the value of the investment without VAT for investment loans
  •  the maximum amount of the guarantee of a borrower and related persons is BGN 1 250,000.

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

 

 



Allianz Bank Bulgaria AD and National Guarantee Fund EAD have concluded 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 is it for?

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/ Parameters and terms

  • The guarantee limit of the borrower and the related persons is up to BGN 3 millions
  • Maximum loan guarantee rate – 50%

 

Allianz Bank Bulgaria AD and the Municipal Guarantee Fund for Small and Medium-Sized Enterprises at Sofia Municipality concluded a Loan Guarantee Agreement. The main goal is to improve access to finance for small and medium-sized enterprises registered and / or operating in the territory of Sofia Municipality (including for 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 is it for?

        • 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/ Parameters and terms

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

 

 

Allianz Bank Bulgaria AD offers targeted financing of investment costs related to the implementation of approved projects under EU Operational Programmes for the period 2014-2020 according to a Loan Portfolio Guarantee Agreement concluded with National Guarantee Fund EAD.

1/ What is it?

The main goal is to facilitate access to finance for small and medium-sized enterprises with approved projects under EU Operational Programmes through a risk-sharing mechanism.

2/ Who is it for?

  • • 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
    • With approved projects under EU Operational Programmes:
    OP “Innovation and Competitiveness”
    OP “Environment”
    OP “Regions in Growth”
    OP “Science and Education for  Intelligent Growth” (https://www.allianz.bg/bg_BG/business/banking/corporate-credits/eu-national-financing-programs.html# )
    OP “Transport and transport infrastructure”
    OP “Human Resources Development"
  • OP “Rural Development Programme ”

3/ Parameters and terms

Subject to the conditions set out in the operational programmes.

Currency: BGN and EUR

Loan amount:

        • minimum loan amount / bank guarantee – no limit
        • maximum loan amount / bank guarantee:
        • up to 90% of the value of the investment without VAT for investment loans
        • the maximum amount of the guarantee of a borrower and related persons is BGN 1 250 000.

 

 

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