Bulgaria's BDB Leasing launches financing programme for MSMEs

MSMEs can apply for lease financing of up to 1.5 million levs ($833,430/766,935 euro) to support investments in machinery and equipment, with 5% of the project cost to be funded by the candidate, as well as vehicles and real estate with no additional financial participation by companies, BDB Leasing said in a press release.

The National Guarantee Fund will act as guarantor for the initiative, with applications accepted until the end of 2025.

The programme aims to facilitate access to finance and encourage companies to modernise their production facilities. It enables the purchase of new and used production equipment, construction and agricultural machinery, vehicles, medical equipment and business real estate.

Last August, BDB Leasing launched two EU-backed financing instruments to support company projects for investing in machinery and equipment upgrades, along with renewable energy and sustainable technologies.

(1 euro = 1.95583 levs)