20.06.2023

BDB WILL GIVE LOANS TO COMPANIES WITH PROJECTS UNDER NATIONAL AND EUROPEAN PROGRAMS

The Bulgarian Development Bank will support companies implementing projects under the National Recovery and Resilience Plan and the European Structural and Investment Funds.

This is the first loan program of the state bank developed entirely in sync with business. Through it, the Bulgarian Development Bank will provide access to resources for the implementation of projects under European and National programs, making it easier for companies encountering difficulties in starting their activities due to a lack of bridging or supplementary financing.

The bank will provide investment loans of up to BGN 5 million with a repayment term of up to 6 years and a grace period of up to 2 years for companies applying for grants under National and European programs.

Companies can also take advantage of an unsecured working credit of up to BGN 200,000 in addition to investment funds. The terms of both loans are preferential.

The Bulgarian Development Bank provides financing for the full value of the projects (100%) to already approved applicants, as well as up to 85% of the costs for those who have not yet signed their grant contracts.

The new program is in fulfillment of the bank's strategic goals of supporting the implementation of government policies and contributing to increasing investment activity among small and medium-sized businesses. It will provide an instrument for accelerated absorption of EU funds and will support the green transition of the Bulgarian economy.