site.btaBulgarian Development Bank to Help SMEs Defer Electricity Bill Payments with Loans

The Bulgarian Development Bank (BDB) presented a new business support programme in response to the spike in electricity prices, Innovation and Growth Minister Daniel Lorer told journalists here on Friday. The bank will provide loans to all companies included in the programme, also giving them an opportunity to defer electricity bill payments for four consecutive months of their choice within 2022.

The size of the loans will be based on the net value of the companies' electricity invoices for 2022. The BDB loans will cover up to 75 per cent of the invoice value, BDB Executive Director Vladimir Gueorguiev stressed.

The bank will provide targeted funding for active micro-, small and medium-sized enterprises from all economic sectors, excluding those with negative capital. There are no criteria for the turnover amount.

A total of 20 million leva will be distributed as loans under the BDB business support programme.

Minister Lorer stressed that the minimum loan amount is 20,000 leva, and the maximum is 200,000 leva. The loans under the programme are unsecured, he said.

This is not BDB’s only business support programme, Lorer added. According to him, his Ministry is preparing a grant programme for energy efficiency worth 140 million leva, Lorer also noted.

/KK/

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By 06:27 on 09.01.2025 Today`s news

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