CHF
EUR
GBP
USDЕuropean Project Financing
The European Project Financing program finances investment projects of SMEs under four operational programs. The requirements towards corporate customers are set in the operational programs and the application guidelines.
Aim
Financing of projects under the following operational programs:
- Operational program „Development of the competitiveness of Bulgarian economics ” 2007-2013.
- Operational program „Human Resource Development”
- Rural regions development program
- Fishery and aquaculture development program
http://www.eufunds.bg/?cat=121
Amount
Up to 100% of the price of project activities.
Term of debt liquidation
As negotiated with the customer and depending on project activities
Servicing
Monthly contributions under the principal and interest amount and no less than 6-month grace 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
Pledge on a receipt of the expected grantor under the relevant operational program and additional security, property of the credit applicant or third parties, accepted by the Bank on the grounds of market evaluation prepared by licensed assessor.
Additional terms
- Bank servicing of company’s operations on accounts opened with IABANK AD.
- The company must have a draft project or a developed project.
- Insurance of the security in favor of the Bank until credit payment.
- Option for prior debt servicing without a penalty charge.
Additional services
- Assistance upon project development, implementation and management.
- Opening of card accounts to the officers and the employees of a company for direct payroll transfer.
- Possibility for overdraft with card accounts.
- Possibility for deposit accounts with flexible operation of the financial resources.