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Guarantee scheme for SME financing

Piraeus Bank Bulgaria and " National Guarantee Fund " signed an agreement for implementation of the guarantee scheme to facilitate the access of SMEs to financing through a risk-sharing.
Eligible under the guarantee scheme are investment loans and working capital loans including those approved for implementation of projects under the EU Operational Programme.

Parameters of the Guarantee:

Currency: BGN

No fee for the issuance 

Maximum Guarantee Rate: 50% of the loan amount, but not more than BGN 500 000 for one borrower and it's related parties;

Deadline for inclusion of a loan in the guaranteed portfolio - 30.09.2015