You have an opportunity to purchase materials and goods larger than envisioned but you have insufficient liquidity?
You need additional funds to cover extra costs incurred?
Your business is seasonal but you want to ensure smooth operation throughout the year?
Loan purpose
Cover the increased needs for working capital
Borrowers
Designed for legal entities, sole proprietors, freelancers and private agricultural producers.
Currency
BGN; EUR
Amount:
- Minimum amount: 30 000 BGN (the equivalent in foreign currency)
- Maximum of 750 000 BGN (the equivalent in foreign currency)
Term:
Up to 60 months
Grace period:
Up to 3 months
Interest rate
LEONIA Plus / EURIBOR + margin, depending on the loan risk
Repayment
Monthly annuity or equal principal instalments
Collateral
- Mortgage on property, including the right of construction and / or land, insured in favor of BACB
- If the collateral is pledge of deposit, the loan amount should not exceed 95% of the deposit amount
- If necessary, BACB may require additional collateral or guarantors
Fees and commissions
According to the List of fees and commissions of BACB applicable to legal entities
