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Guarantee scheme NGF 5 - expired program*

The guarantee scheme of the National Guarantee Fund facilitates the access to financing of small and medium enterprises by providing preferential conditions for lending to the clients of UniCredit Bulbank.

Guarantee scheme NGF 5 - expired program*


  • Easy access to financing

  • Improved loan parameters

  • Reduced loan security requirements

  • Eligibility of transactions for implementation of projects under operational programs

  • Fast approval procedure

  • Refinancing of existing debt up to 30% of the new loan is allowed


Purpose of the guarantee


The guarantee scheme provides a guarantee from the National Guarantee Fund  supplementing the security for investment and working capital loans granted to SMEs.

Amount of the guarantee


The guarantee can amount to up to 50% of loan amount, but not more than BGN 1 500 000 for the borrower and its affiliates.



BGN or Euro.

Who is it suitable for?

The product is intended for micro, small and medium enterprises as specified in the SMEs Act, namely enterprises having:

  • Up to 249 employees
  • Annual turnover of up to BGN 97 500 000 or
  • Value of assets of up to BGN 84 000

The entities must be registered in Bulgaria in accordance with the valid legislation and should have no credit indebtedness classified as “non-performing exposure” or “loss” in the excess of BGN 2 500.

Small and medium companies, beneficiaries of operational programs, are also eligible.

Documentation required

Frequently Asked Questions

  • Investment.
  • Working capital, limits on bank guarantees, including advance payments and payment of VAT.

  • Speculative investment activities and speculative real estate transactions.
  • Activities that are inconsistent with national law, including the Environmental Protection Act.
  • Companies with unknown ultimate controlling owner.
  • Activities involving fraud, illegal activities and other similar practices screened under internal rules and procedures of the Bank.
  • Other activities prohibited by law.
  • Electricity trade.

Yes, the program also covers bridge financing for beneficiaries with projects under operational programs - OPIC, OP HRD and others.

No, companies whose ultimate controlling owners are registered in an offshore zone are not eligible for the guarantee scheme.

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