Financial resources
- public resources* in the amount of BGN 157.9 million;
*The resources have been reallocated from the terminated financial instrument for Small Business Financing and the re-designed financial instrument for First Loss Portfolio Guarantees for Energy Efficiency and Innovation.
- additional resources from intermediary banks.
Goal of the instrument
Facilitate access of businesses to credit to enable them to continue operations, including to meet their liquidity requirements and/or overcome financial difficulties caused by the COVID-19 crisis.
Final recipients
Bulgarian small and medium-sized enterprises
Type of financing
- a loan guarantee on a portfolio of new loans to small and medium-sized enterprises that do not have sufficient surety but need support in the conditions of the pandemic;
- a possibility to combine a guarantee instrument and interest support in the framework of a single operation;
- preferential interest rates, relaxed collateral requirements and lower administrative burden;
- an option for a grace period of up to 2 years on the loan;
- an option to repay interest after the first year at a rate of up to 4%.
Source of the public resources
Operational Programme Innovation and Competitiveness 2014 — 2020 co-financed from the European Regional Development Fund
Current stage of the instrument in the process of being structured.
Financial intermediaries
Bulgarian – American Credit Bank
D Bank
Raiffeisenbank Bulgaria
UBB
Detailed information on the selection procedure for financial intermediaries for the First Loss Portfolio Guarantee to Mitigate the Consequences of COVID-19 and the relevant documentation is available in the Buyer Profile section.