DBank’s microloans – a working capital microloan and a micro-overdraft – help you manage and plan your interest costs effectively.
DBank’s microloans – a working capital microloan and a micro-overdraft – help you manage and plan your interest costs effectively.
Benefits
Standardised loans of up to 25 000 EUR
Competitive terms
Favourable terms
Clear criteria
Simplified application process
Fast approval
Secured solely by the joint and several liability of the owners and/or managers
Available to small businesses and self-employed professionals only when financing costs connected with their business activities
Types – Working Capital Microloan and Micro-overdraft
Option to manage interest costs effectively (overdraft)
Plan loan servicing costs within your monthly budget (instalment loan)
The loan amount depends on revenue from ordinary activities and the total credit exposure under working capital loans
Loan funds must be used for their specified purpose, but drawdown is not conditional on submitting documents evidencing expenditure
The owners and/or managers are jointly and severally liable for servicing the loan
Joint and several debtors must have sufficient income to cover the monthly interest payments on the loan
Customers must meet credit and financial criteria
Option to obtain a credit card with a limit of up to 3% of the loan amount, minimum 500 BGN, a business debit card and active internet banking
Response within 3 days of submission of all required documents
Small business customers and self-employed professionals with at least 12 months of business history, at least one completed financial year, no payments delayed by more than 30 days, and no outstanding public liabilities or enforcement proceedings
