Long-term financing

Long-term financing

Different forms of long-term financings, adjusted to the needs of your companies, are available to corporate clients. Conditions for granting of the Bank’s loans depend on the type of financial arrangement, creditworthiness and history of relationship with the client, length of repayment period and the quality of offered collaterals.

Conditions for long-term financing of the working capital:

Repayment period from 13 to 84 months

Conditions adjusted to the type and purpose of financing

Fee for the Application Form processing is 1-2% of the financing amount

Other benefits:

• Repayment in equal monthly, quarterly or semi-annual instalments
• Financing of the working capital up to 60 months, or with possible grace period up to 6 months
• Client’s share min. 1% of the financing amount with collaterals
• Investment financing up to maximum 2.5 million EUR
• Financing of investments with possible share of the working capital up to 40% max. up to 120 months, including grace period up to maximum 36 months
• Financing for different purposes, including debt redemption from another bank

The Bank shall approve the following types of long-term financing according to the following purposes:

• For fixed assets – repayment in annuities and instalments
• For permanent working capital
• Project financing

Required documentation for the submission of Application Form for granting of long-term financings is provided below.

• Application Form defining the purpose, amount and repayment period;
• Decision on registration in the Court Register with all changes and amendments;
• Excerpt from the Court Register not older than 90 days;
• Articles of Association and Articles of Foundation of the company;
• ID and VAT number;
• Notice from the Statistics Bureau on classification by activities;
• Certificate from authorized Tax Administration/Indirect Tax Authority that there are no outstanding liabilities based on public income;
• Copy ID cards and Residence Certificate of persons authorized for representation;
• Statement on related entities;
• Consent for inspection at the Central Loan Register;
• Report of the External Auditor (only for joint stock companies),
• Business Plan, projected Balance Sheets and cash flows for the repayment period (for project financing and capital investments);
• Balance Sheet and Income Statement for the past two years, as well as preliminary financial indicators for the current period;
• Documentation for securing financing and financing collaterals determined by the Bank, in accordance with its business policy and depending on the client’s creditworthiness.

In addition to the aforementioned, BBI Bank has the right to request other documents in accordance with the Bank’s internal documents.