Fibank Loans for financing of innovative companies
Loans under the Risk Sharing Instrument (RSI) Guarantee Agreement
First Investment Bank and the European Investment Fund (EIF, part of the EIB Group) signed a guarantee agreement under the Risk Sharing Instrument (RSI) Initiative (Risk Sharing Instrument, RSI)
Under this initiative, Fibank offers loans to fast growing innovative companies that have limited facilities and assets and limited access to lending.
The Risk Sharing Instrument (RSI) is a specialized financial tool aimed at implementing an innovative, market-oriented approach to promoting business innovation. RSI funding is mainly allocated to investments in the production or development of products, processes and/or services that are innovative and where a potential risk of technological and/or industrial failure exists.
The following persons may benefit from loans granted under the Risk Sharing Instrument Initiative:
- small and medium-sized enterprises*
- companies with small and medium market capitalization**
All of these companies should pursue scientific research and development activities or innovations.
Type of loan | Investment loan | Loan for working capital without revolving option |
Purpose | Investment in tangible and intangible assets | Working capital |
Repayment | Fixed repayment schedule | Fixed repayment schedule without revolving option |
Currency | BGN, EUR | BGN, EUR |
Term | Up to 10 years | Up to 5 years |
Amount | min.: EUR 25 000 max.: up to EUR 4.5 million | min.: EUR 25 000 max.: up to EUR 4.5 million |
Period | min.: 2 years
max.: up to 7 years | min.: 1 year, with min. 1 year option for renewal max.: up to 7 years |
Grace period | Up to 12 months | Up to 12 months |
* Micro, small and medium-sized enterprises are enterprises with annual turnover of not more than BGN 97.5 million, assets not exceeding BGN 84 million and with less than 250 staff.
** Companies with small and medium market capitalization are enterprises with a staff of up to 500 people, which are not covered by the Small and Medium Enterprises Act.
Loans under this financial instrument are NOT granted to individuals in the following business sectors:
production and trade in tobacco products and distilled spirits and related products;
production and trade (or financing of production and trade) in weapons and ammunition of all kinds;
casinos or equivalent businesses.
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"The publication was implemented with the help of Operational Program "Development of the Competitiveness of the Bulgarian Economy 2007-2013", co-financed by the European Union through the European Regional Development Fund and the national budget. The content of the publication is the sole responsibility of Fibank and in no way does not reflect the position of the European Union and the Managing Authority".