Who meets the application requirements?
Companies registered on the country, which meet the criteria for small and medium-sized business, pursuant to the Act on Small and Medium-sized enterprises.
Purpose of loans for export financing
Loans for export financing are extended for:
- purchase of raw and prime materials (imported or local) for production of goods for export;
- purchase of goods for export originating in Bulgaria.
How much funding can be extended?
The maximum amount of each loan is BGN 1 000 000.
What specific documents should be presented by the borrowers?
-(Draft) export contracts;
-(Draft) contracts for purchasing of goods/raw and prime materials;
- documents for two successful export transactions: trade contract, customs declarations, payment documents, transportation documents, insurance purchased, etc.
Loan conditions:
Loans are extended with a term of repayment depending on the terms of performance of the export transaction, but not more than 18 months.
The repayment of the principal and interest is negotiated individually with each borrower.
Interest rate - in accordance with the project related risks and the term of return on the investment.
Interest on the loan is due monthly.
COLLATERAL
The collateral is in accordance with the banking legislation.
