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Relaxed collateral requirements
This Guarantee is provided by COSME and the European Fund for Strategic Investment ("EFSI") set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing. The Programme supports Small and Medium-Sized Enterprises with up to 249 employees.
|Products guaranteed by COSME||
The Final Recipients must comply with the requirements of COSME Guarantee Facility and the requirements of the Bank’s Credit Policy.
|Guarantee coverage||50 %|
Small and medium Enterprises registered and operating on the territory of Bulgaria which comply with at least one of the following criteria:
Restricted activities - Any production, trade or other activity, which is illegal under the laws or regulations of the Republic of Bulgaria; the production of and trade in tobacco and distilled alcohol beverages and related products; the financing of the production of and trade in weapons and ammunition of any kind or military operations of any kind; human cloning for reproduction purposes and genetically modified organisms (GMOs) or any other restricted activity in the Republic of Bulgaria and/or any of the other EU Member States.
Highly-qualified experts with experience in the field of corporate lending and financial services.