Who meets the application requirements?
The entities eligible under this programme are health care institutions registered under the Commercial Act or as cooperatives, which meet the criteria for small and medium-sized businesses (under the Act on SME’s) and performing or planning to perform activities under the Act on Health Care Institutions.
What investments meet the requirements for financing?
Every economically sound and environmental investment geared towards:
• Building and renovation of health care buildings;
• Equipment or change of equipment of health care institutions.
Priority will be given to health care institutions that already have preliminary or final contracts with:
- the National Health Insurance Fund;
- and/or with voluntary health insurance funds;
- and/or domestic or foreign legal entities;
- and/or funded from the republican or the municipal budgets.
The following may be subject of the investment:
Purchase, construction or renovation of buildings meeting the requirements for activity under the Act on Health Care Institutions;
Purchase of specialized equipment, machines and tools for health care institutions;
Purchase of office equipment and machines;
Purchase of specialized vehicles;
Purchase of non-tangible assets, i.e. licenses, patents, etc.;
Working capital as part of the investment project.
What amount can be provided under each project?
The total value of the project applying for financing may not be smaller than EUR 75 000.
The amount of borrower’s participation should be minimum 25% of the value of the financed project exclusive of VAT.
The minimum amount of each loan is EUR 50 000 and the maximum should be EUR 1 000 000 or their equivalent in BGN.
Loan conditions:
Term - from 4 to 10 years.
Grace period - depending on the term for launching of the project, but not more than 3 years.
Interest rate – according to the risks of the project and the term of repayment of the investment.
The interest on the loan is due monthly.
Repayment of the principal begins after the grace period and is negotiated individually with each borrower.
What collateral should be provided?
The collateral should correspond to the usual banking practice. The subject of the investment project is also acceptable as collateral of the loan.
The bank extends loans under relieved requirements for collateral (up to 85% of the amount of the loan) owing to a guarantee issued by the European Investment Fund under the multi-year programme for small and medium-sized enterprises of the European Community.
