Alpha Bank Bulgaria offers agricultural manufacturers preferential financing conditions
Monday, 30 September 2013
Alpha Bank Bulgaria has been selected as a partner of the National Guarantee Fund (NGF) for the implementation of the Rural Development Operational Programme (RDOP). The total guarantee limit to be administered by the bank amounts to BGN 45 million.
According to its contract with NGF, Alpha Bank Bulgaria is providing support to small and medium companies via the financing of projects whose owners have already signed contracts with the Ministry of Agriculture and Food. The NGF funds are available for beneficiaries under the following measures of the operational programme – 121 “Modernization of agricultural holdings”, 122 “Improvement if the economic value of forests”, as well as measure 123 “Adding value to agricultural and forestry products”. The facilitated access to financial resources, provided by the bank, helps agricultural manufacturers and processors in expanding their business and in realizing their investment plans’ potential.
The conditions that Alpha Bank provides to applicants allow them to benefit from a favorable maximum annual interest rate of 6.70% and a tenor of up to 7 years with a maximum client exposure of BGN 3.7 million per client, without additional application or administration charges or fees, under a simplified and fast approval procedure. The internal terms and conditions of the bank and the requirements of the NGF will apply when considering each specific application.