The Micro Financing Institution Jobs EAD, part of Bulgarian Development Bank Group, lаunched a new lending product to support small and micro-business, namely a bridge subsidy financing of up to BGN 300,000. This long-term financing pre-financed the approved investment costs in line with the contract with the State Fund Agriculture. It is mandatory that the applicant has signed a contract for grant approval with the Fund, and it shall have at least 12 months business history. This new opportunity is targeting all eligible agricultural producers – individuals and legal entities, sole proprietors and cooperatives - that are cultivating own or leased agricultural land
Some of the benefits for the client are the broad purpose of financing, the quick assessment, the long maturity, the possibility of a long grace period and the optimized repayment plan.
In addition to the investment financing, the borrower can receive up to 90% of the approved VAT under the contract signed between the borrower and the State Fund Agriculture under the form of a credit line.
Details on the new JOBS MFI’s investment loan could be found here.
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