Financial products
The SCF is financing urban development and tourism projects by providing:
- investment credits
- working loans that are associated with or have a complementary role in relation to an investment loan granted by the SCF to eligible beneficiaries;
- credits for individuals for energy efficiency measures in single-family buildings
Maximum amount of funding
- urban development - the total investment in a eligible project by the FUD can not exceed the amount of BGN 39 116 600 (EUR 20 000 000).
- tourism and cultural heritage (PA 6) the total investment (Grant + FI) of a project that includes an cultural asset
- „national significance“category, can not exceed BGN 9 779 150.
- „global significance “ category - BGN 19 558 300.
The maximum amount for individual exposure - up to 20% of the Financing by FMFIB, except for the bulgarian government and Sofia Municipality.
Percentage of beneficiary's total participation in the total project financing - at least 15% of the project cost. A lower than 15% minimum own contribution is eligible for projects with a higher contribution to the Operational programme „Regions in growth“ target indicators.
Repayment terms
- Minimum term - 12 months.
- Maximum term - 240 months (20 years) for urban development projects and projects in the field of tourism and cultural heritage and 180 months (15 years) for energy efficiency projects.
Maximum grace period for the funding principal
- 36 months (3 years) for urban development projects and projects in the field of tourism and cultural heritage
- 18 months for energy efficiency projects.