An overdraft against subsidies from SF Agriculture

Exchange rates

as of 09/01/2025 12:34:28

Cash payment

Non-cash payment

Selling rate

1.96100

1.96000

Buying rate

1.94800

1.94900

BNB fixing

1.95583

Cash payment

Non-cash payment

Selling rate

1.93800

1.93500

Buying rate

1.85400

1.85600

BNB fixing

1.89794

Cash payment

Non-cash payment

Selling rate

2.39900

2.39400

Buying rate

2.27400

2.27800

BNB fixing

2.33370

Cash payment

Non-cash payment

Selling rate

2.12400

2.12200

Buying rate

2.03000

2.03200

BNB fixing

2.08133

Advantages

Fast and easy access to working capital financing, with the option for an annual automatic revolving
No need to present cost-proving documents upon drawdown
Upon loan repayment with funds from the subsidy, no penalty fees shall be due
Attractive individual pricing terms

Parameters

Borrowers	Agricultural producers and/or legal entities and sole traders, with a core activity - agriculture
Loan purpose	Credit limit to cover current needs. The product is intended for agricultural producers and animal breeders who have been approved to receive a subsidy from State Fund Agriculture.
Manner of ongoing drawdown / repayment	Multiple drawdown up to the approved limit – under overdraft terms and conditions
Loan currency	BGN
Business history	Minimum 18 months of active operation
Loan amount	Up to 100% of all subsidies received for the previous year, and in case of increased areas compared to the previous year - up to 100% from the expected subsidies, based on a Request/Certificate from State Fund Agriculture.
Minimum loan tenor	12 months
Repayment deadline	Not later than 30 June of each calendar year, following the year of submitting the application for receipt of subsidies, and an option for revolving up to 60 months.
Manner of full repayment	One-off upon receipt of the funds from the subsidy, which is being paid by State Fund Agriculture - Payment Agency, or with own funds.
Types of collateral	Establishing a pledge of the receivables under the subsidy approved from Payment Agency and of the Borrower’s receivables under the latter’s accounts with the bank.
Interest rates	Variable annual interest rate, formed from the short-term interest rate based on BNB’s statistics (for loans in Bulgarian leva), and a fixed margin, determined individually depending on the amount, currency and tenor under the requested loan as well as the client’s risk profile.
Fees	As per the bank’s Fees and Commissions’ Tariff for Business Clients and the loan agreement.

Required Documents

Loan and credit card application for small enterprises
Balance Sheet, Income Statement and a Tax Return of the Borrower for the last one or two closed financial years, as at the application date
Copies of the ID cards of: the representative of the company - borrower; a co-debtor; collateral providers
Decision of the competent body of the company – in the latter’s capacity as borrower/co-debtor/owner of the collateral, for conclusion of the Loan Agreement and establishment of the collaterals
Documents for the collaterals, and documents required for the collaterals’ due establishment
A document certifying the producer’s registration with the respective registers of the Ministry of Agriculture.

Print list

Useful documents

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For companies with annual turnover up to 2 mln BGN

For companies with annual turnover above 1 mln BGN

For agri producters

For freelancers with annual turnover below 1 mln BGN

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