16.08.2021

THE SEARCH FOR INTEREST-BEARING LOANS ON THE BDI GUARANTEE PROGRAM CONTINUES

The anti-crisis measure is extended by the end of August

BDB continues to provide liquidity and security for companies affected by the Covid-19 pandemic. In June to the business, they have reached guarantees for funding provided for BGN 24 075 560 under the 151 contracts concluded.

In July, banks' banks in the anti-crisis program received from BDR confirmation to guarantee 94 credits worth more than BGN 23 million. Loans for over BGN 320.3 million were allocated in 2020.

The recently renovated BDB's warranty program will enable Bulgarian companies to apply at shorter approval and relieved collateral requirements.

"In this way, the government synchronizes the program with the Mechanism for Intervention and Support" A portfolio guarantee to overcome the consequences of the COVID-19" (" Recovery Program"). Funding can be up to BGN 3 million, regardless of the size of the company, and the term for repayment of credits is up to 7 years with the possibility of up to a 3-year grace period. The EC approval is expected to enter into force the new program conditions", say BDBs.

Continue and demand for interest-bearing loans on the Bank's Guarantee Program in support of people who can not work because of the pandemic. The anti-crisis measure is prolonged until the end of August or depleting the limit in partner banks. For the last two months, 3,463 credits for nearly BGN 18.8 million were guaranteed.

Since 2020, 52,555 people benefited from 2020, and the amount of funds allocated is over BGN 252.2 million.