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Working capital loan

Objective
Purchase of raw materials, goods or support of other operative activity of companies.

Amount
Up to BGN 500,000.00 or their equal value in each currency traded on international money markets.

Term of debt liquidation
Up to 36 months

Servicing
According to the credit type:

• With monthly contributions under the principal and interest amount and a grace period of 3 months.
• Diminishing credit ceiling of the credit line for the last months of the negotiated period.

Annual interest rate
Basic Interest Rate + extra as negotiated.
Preferential interest rates for customers that have paid in a timely manner at least one credit granted by the Bank.

Security
Security must comply with the standard bank practices and the operative legislation. Market evaluation is to be prepared by licensed assessor nominated by the Bank.

Fees and commission charges
As fixed in Тарифата Tariff of INTERNATIONAL ASSET BANK AD

Supplementary terms

• Bank servicing of company operations under accounts opened with INTERNATIONAL ASSET BANK AD.
• The company must have no less than 12-month business history.
• Credit amount and specific terms are to be defined on the grounds of business project.
• Security insurance in favor of the Bank until credit payment.
• Option for advance debt servicing without a penalty charge.

Supplementary conditions

• Opening of card accounts for the employees and officers of a company for direct payroll transfer.
• Option for overdraft under card accounts.
• Option for deposit accounts enabling flexible operation of the resources.

Small and Medium-Sized Enterprises Act