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Guarantee for SME loans issued by the Sofia Municipality Guarantee Fund for SME

Piraeus bank Bulgaria together with the Sofia Municipality Guarantee Fund for SMEs offer facilitated access to financial resources to companies registered on the territory of Sofia Municipality. It gives additional security to the SME.

Purpose of the loans

- Purchase of fixed tangible assets; 

- Implementation of new technologies; 

- Purchase of licenses

- Know- how and trainings 

- Implementation of quality management systems; 

- Working capital 

Criteria

Type

Micro

Small

Medium

Personnel

Up to 10 persons

Up to 5persons

Up to 250 persons

Annual turnover in BGN

Up to BGN

3 900 000

Up to BGN

19 500 000

Up to BGN

 97 500 000

 Assets in BGN

Up to BGN

3 900 000

Up to BGN

19 500 000

Up to BGN

84 000 000

Loan amount
The guarantee coverage is 50% of the outstanding of the loan. The maximum guarantee amount is up to BGN 100 000 independently from the amount of the loan.

Term of the Guarantee
Till fully repayment of the principal of the loan

Currency 
BGN or EUR 

Security
The borrower should have a security with liquidity value of minimum 60% of the loan.

Fees and commissions for issuance of the guarantee

Annual commission of 0.25% to 0.40% on the guaranteed amount depending on the credit risk

Loans secured with cash deposits or first rank mortgage covering the loans 100 % are released from paying the commission.

Borrowers
Micro, small and medium enterprise according to the Law for Small and Medium Enterprises registered on the territory of Sofia Municipality or with business project to be implemented on the territory of Sofia.