BACB has signed a guarantee agreement with Municipal Guarantee Fund for Small and Medium Enterprises (MGFSME) for small-, and medium-sized enterprises.
The Municipal Guarantee Fund undertakes guarantees on loans extended to SMEs which have their seat or develop their activity in the territory of Sofia Municipality. The Fund guarantees up to 50% of the loan of the small companies but not more than 100 thousand BGN, irrespective of the amount of the loan.
Municipal Guarantee Fund’s objective is to facilitate the access of SMEs to credit institutions and EU funds as well as to provide SMEs with consulting services concerning the possibilities of small companies for applying to Operational Programs of EU. MGFSME abides by the program for the activities of the Fund adopted by the Sofia Municipal Council.
All borrowers of BACB who are registered and develop their activity in the territory of Sofia Municipality may benefit from additional use of collateral amounting up to 100 thousand BGN by guarantee for MGFSME.
Borrowers wishing to benefit from collateral within the Municipal Guarantee Fund for Small and Medium Enterprises (MGFSME) may contact BACB branches in Sofia.