05.06.2023 BDB launches its first programme developed jointly with the business community

Bulgarian Development Bank (BDB) will support companies with projects under the National Recovery and Resilience Plan (NRRP) and the European Structural and Investment Funds (ESIF).

The new instrument was presented today to the members of the Advisory Council to the Supervisory Board of BDB, in which the national employers' organizations, the trade unions and the National Association of Municipalities in the Republic of Bulgaria participate.

This is the first loan programme of the state bank developed entirely in sync with the business community. Through it, BDB will provide access to resources for the implementation of projects under EU and national programmes, making it easier for companies encountering difficulty in starting their activities due to lack of bridge or supplementary financing.

The bank will provide investment loans of up to BGN 5 million with a repayment term of up to 6 years and a grace period of up to 2 years for companies applying for grants under national and EU programmes. Companies can also take advantage of an unsecured revolving loan of up to BGN 200,000 in addition to investment funds. The terms of both loans are preferential.

BDB provides funding for the full cost of projects (100%) to already approved applicants, as well as up to 85% of costs for those who have not yet signed their grant agreements.

The new programme is in fulfillment of the bank's strategic goals of supporting the implementation of government policies and contributing to the increase in investment activities among small and medium-sized businesses. It will provide a tool for accelerated absorption of EU funds and will support the green transition of the Bulgarian economy.