Support for family businesses and SMEs
The Bulgarian Development Bank has launched a new loan program in partnership with the Council of Europe Development Bank (CEB), focusing on one of the key drivers of the Bulgarian economy - micro, small and medium enterprises (MSMEs), including family businesses and artisans.
The program will provide access to long-term capital for businesses that are often left out of traditional financing and face multiple credit constraints compared to larger companies. Emphasis is also placed on job creation and retention, particularly in regions with high unemployment rates.
Who is the program for?
Micro, small, medium and family companies that:
✔ Create and sustain jobs
✔ Have positive equity
✔ Have no debts to credit institutions or the NRA
✔ Do not operate in sectors excluded from the CEB
Credit for working capital
✔ Minimum total term - one and a half years ✔ Maximum - 4 years
Credit for investments
✔ Overall 5 to 10 years ✔ Drawdown period: up to 2 years ✔ Grace period: up to 2 years
Collateral
Acceptable to the bank are: mortgage/pledge of immovable/movable property, pledge of commercial enterprise, pledge of cash, etc.
Contact us
Phone number
+359 2 9306333
