Postbank will provide support to micro, small, and medium-sized enterprises in Bulgaria through loans worth a total of 30 million levs granted under preferential terms.
The funding has been provided under a partnership agreement under the new program of the Bulgarian Development Bank for indirect financing of Bulgarian businesses, according to the press office of the bank.
The loan terms include lower fees and interest rates than the standard ones for the market.
The loans will be provided for working-capital purposes and investment purposes, project financing for technological innovation, and improvement of the competitiveness and export potential of small businesses.
The borrowers will have access to financing at an annual interest rate of 3-month EURIBOR plus 4.3%.
The maximum loan amount is 3 million levs.