Investbank AD in support of small and medium enterprises

Investbank AD continues its support to small and medium-sized enterprises affected by the emergency situation and the COVID-19 epidemic through BDB's Recovery Program.

Investbank AD and the Bulgarian Development Bank continue their cooperation by concluding an annex to the "Portfolio guarantee program to support the Liquidity of enterprises affected by the emergency situation and the COVID-19 Epidemic" as amended within the "Recovery Program" with new improved parameters.

As a partner of the Program, Investbank AD offers shortened terms for approval and utilization of loans and relaxed interest conditions to support Bulgarian business in this difficult time.

The program is open to all sectors, and the loans can be used by companies registered in Bulgaria, which have up to 499 employees, have a minimum of 3 years of business history and have made a profit in at least one of them. The admissible limit for each borrower depends on the realized revenues in the period before the pandemic, as well as on the incurred personnel costs. The maximum amount is up to BGN 3 million, with a term of up to 6 years and with the possibility of a gratis period.

BDB's "recovery program" is part of the Bulgarian government's anti-crisis measures to address the company's serious difficulties in the epidemic.