08.04.2022

BDB OFFERS COMPANIES WORKING CAPITAL LOANS AGAINST HIGH INFLATION

The Bulgarian Development Bank (BDB) is offering small and medium-sized enterprises a new method for overcoming the negative effects of high inflation, the institution said.

The program provides working capital loans of up to BGN 200,000 for companies that want to buy raw materials at current prices and thus prevent higher costs in the future. This will help them keep the price of the final product they produce without anticipating a recent increase.

The volume of the program is BGN 10 million, and the loans that will be granted under it - credit lines and overdrafts, will be unsecured.

The bank will guarantee its receivables through co-payment from the owners or another company.