BACB AD concluded the first agreement with BDB AD under a programme for indirect financing of SMEs with guarantee facility and counter-guarantee under COSME Programme with the support of the European Fund for Strategic Investments - EFSI on 23.11.2018.

“The funding is being obtained with the support of the European union according to the Guarantee agreement, Regulation 1287/2013 of the European Parliament and the Council establishing the Programme for the Competitiveness of Enterprises and small and medium-sized enterprises (COSME) (2014-2020)“

Purpose of the Programme:

To provide better access to finance for SMEs through the stages of their life cycle such as establishing, expanding or transferring of business.

Guaranteed loans provided by COSME+ programme

  • Investment Loan
    Financing of investment projects, such as the purchase of FTAs (machinery, equipment and vehicles); construction and renovation of industrial warehouses, administrative areas; purchase of raw materials and stocks; etc.
  • Working Capital Loan
    Financing of working capital needs of enterprises – purchase of raw materials, goods, external services, VAT on investment projects and others in the form of overdrafts, credit lines or loans in installments;
  • Bank guarantees
    Bank guarantees for tenders, performance, payment, etc.


  • Suitable collateral requirements
  • No application fee
  • Enhanced opportunities for financing
  • 0% commission for management services regarding the funding of “Social Impact Project”
  • The maximum total remuneration concerning the commitment in Bank guarantee is up to 2% per year


3M EURIBOR + up to 5.7% per annum

Term of the Loan:

  • Minimum term of the loan – 12 months
  • Maximum term of the loan – up to 120 months depending on the loan amount
  • Guarantee coverage: up to 60% of the amount of the loan

Currency :


Loan Amount: 

* maximum amount of EUR 150000* (or the equivalent amount in BGN – 293 000*)
*(not more than EUR 149 999 or BGN 292 999 incl.).

The COSME Programme does not finance projects implemented with EU funds and/or funds from other donor programmes. Loans to refinance active loans from other financial institutions or BACB are not eligible.