Bulgarian Development Bank to back operating lease to SMEs with €30m programme
The Bulgarian Development Bank is launching a lending programme with an initial budget of €30 million to support the operating lease of assets to small and medium-sized enterprises.
Long-term credit lines will be provided to companies providing assets to Bulgarian-based SMEs under operating lease in order to ensure improved access to leasing services for the businesses of SMEs.
On-lending partners are required to target resources to SMEs, offering them financial advantages and discounts in operating lease deals, the bank said.
The maximum financing available to each on-lending partner is set at €3 million, while the interest rate is set at three-month EURIBOR plus up to 4 percentage points per year.
The maximum term for repayment of the BDB loans is ten years.
