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Relaxed collateral requirements.
JEREMIE Trade Finance Guarantee Program is developed in support of Small and Medium-sized enterprises, including Small Mid-Caps by providing enhanced access to trade finance products as well as working capital financing.
The transactions benefit from support from the Documentary Finance Guarantee Facility, implemented by the European Investment Fund and funded by the Ministry of Economy of Republic of Bulgaria within the framework of Programme Recovery with national funds received as reflows from JEREMIE Initiative operations.
Provided that the granted De minimis amount from the current and the previous 2 calendar years, including the De minimis from the current transaction do not cumulatively exceed 200 000 EUR (up to 100 000 EUR for companies operating in road freight transport).
|Currency||EUR, BGN, USD|
|Products guaranteed by JEREMIE Trade Finance||
|Guarantee coverage||80 %|
The Final Recipients must comply with the requirements of JEREMIE Trade Finance Program and the requirements of the bank’s Credit Policy.
Micro, Small and Medium-sized enterprises according to the SME law (up to 249 employees) as well as Small Mid-Caps (up to 499 employees) registered and operating on the territory of Bulgaria which comply with at least one of the following criteria:
Highly-qualified experts with experience in the field of corporate lending and financial services.