Bulgaria: Financing Alternatives Beyond Traditional Bank Funding / 11.08.2023 г.
Bulgaria: Financing Alternatives Beyond Traditional Bank Funding ????????
Ms Daniela Petkova, Partner, and Ms Sevdelina Rabuhchieva, Senior Associate, provided their expert review for the Banking & Financing sector to CEE Legal Matters Magazine.
In Bulgaria, businesses often face hurdles when seeking bank funding due to stringent requirements and red tape. While IPOs and capital markets offer options, they are limited to financially stable companies with positive credit history. Venture capital emerges as a viable alternative, providing long-term capital appreciation and support to fast-growing companies. Business angels and crowdfunding platforms also contribute to the thriving start-up ecosystem. Traditional options like factoring and mezzanine finance remain popular, but the impact of shifting reliance on banking institutions to alternative sources is yet to be fully realized.
Read more HERE.