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Raiffeisenbank launches investment loan with no collateral for SMEs
02 August 2006
Raiffeisenbank launches non-secured investment loan for SMEs and free lancers. The amount of the loan is up to 30 000 BGN with a maximum term of up to 7 years. The interest on the loan is 9,25% for EUR and 10% for BGN.
The applying procedure is eased as minimum amount of papers is needed and the client receives an answer within 24 hours.
The fast investment credit is launched under the Portfolio Guarantee issued by the European Investment Fund under the European Community's Multiannual Programme for Enterprise and Entrepreneurship. The Facility aims at supporting the growth of small and medium-sized companies in Bulgaria by improving their access to finance. Raiffeisenbank (Bulgaria) EAD provides its SME clients with enhanced access to finance by offering less stringent and more flexible criteria.
