Corporate credits

Corporate Credits
Who are corporate credits for?
 
These loans are aimed at corporate clients with sales over 2 million BGN.
 
In order to enhance corporate clients' ability to operate effectively, Societe Generale Expressbank offers financing for working capital or investment purposes, in local or foreign currency. Societe Generale Expressbank generally lends to medium and large, local or multinational companies with established market position and growth potential.
What are corporate credits?
 
Any of the following products may be tailored to your needs:
 
WORKING CAPITAL CREDITS
 
Societe Generale Expressbank provides a possibility for you to finance your company needs relating to your day-to-day business activity such as:
  • Acquisition of raw materials
  • Purchasing of turnover goods
  • Purchasing of other short-term assets
  • Financing short term liabilities of the company
 
Types of working capital credits:
 
Overdraft on a current account 
A credit arrangement whereby the bank provides the possibility for its customer to make payments of amounts exceeding the balance available on their current account up to a fixed credit limit.
 
Revolving (recurring) credit 
A bank credit agreement whereby you will be granted the possibility to make repeated use of credit amounts up to a fixed limit within a specified time-limit, repaying your debt in part or in full with the right to be granted new credits up to a specified limit.
 
Short-term credit with fixed repayment schedule 
A bank credit agreement whereby you will be granted the possibility to make use of a certain amount of money for a specific purpose, with repayment schedule and other terms & conditions agreed upon in advance.
 
Working capital credits will normally be opened for a term of 12 months with a possibility for renewal within a 60-month period.
 
INVESTMENT CREDITS
 
Societe Generale Expressbank offers loans for the acquisition of fixed assets:
  • Purchase of machinery and equipment, as well as cars and trucks
  • Purchase of real estate
  • New construction, reconstruction and expansion of company real estate
  • Purchase of enterprises or shares
 
The term of investment credits may extend to 7 years.
 
SPECIAL PURPOSE CREDITS
 
These credits are specifically designed for clients with agricultural activities. They are of different types related to the specific needs and activities of the clients:
  • Financing of grain producers against warehouse receipts
 
Societe Generale Expressbank offers financing of grain producers and traders in grain against warehouse receipts.
This credit provides the possibility for the grain producers to determine themselves the time for the grain purchase or sale when the prices are most favourable.
 
CREDITS WITH SUPPORT OF EIB
 

Through an agreement with the European Investment Bank we are supporting small and medium sized businesses (SMEs) by providing access to a source of preferential conditions financing.

 
Corporate credits allow you to:
  • Develop your company’s business
  • Support your projects in a sound and effective way
 
How to apply to corporate credit?
 
In connection with concluding a credit transaction, Societe Generale Expressbank will require from its customers information on:
  • Their legal status
  • General financial standing
  • Purpose of financing
  • Development forecast
  • Related parties
  • Type of collateral
 
If you are interested in learning more about this product or you want to apply for it, please contact your Relationship Manager or visit the nearest office of Societe Generale Expressbank.
 
Further information can be obtained either from your Account officer or from the toll-free line 0800 18 888, from 8.00 to 20.00 daily, from 9.30 to 14.00 on Saturday.
 


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