Q		Are energy efficiency measures in public buildings eligible for financing under the BEERECL?
A		No, the facility is designed to finance industrial energy efficiency projects owned by private sector companies. The company, applying for financing under the BEERECL should have at least 51% private ownership.

Q		Are energy efficiency measures at privately owned hotels eligible for financing under the BEERECL?
A		No, a hotel is not an industry. However, renewable projects at privately owned hotels are eligible for financing under the BEERECL. For example, such projects can include installation of biomass boilers, solar collectors, geothermal heat pumps, etc and are eligible for 20% grant.

Q		How is the grant amount calculated?
A		The grant amount is calculated as a percentage of the loan principal amount. For example, if the total project cost is EUR 100,000 and you borrow and disburse EUR 75,000, the grant is calculated as a percentage (15% or 20% depending on the type of the project) of the EUR 75,000.

Q		What is the maximum project size for financing under the BEERECL?
A		There is no limit for the size of the project to be financed under the BEERCEL. Each Participating Bank would evaluate the project sponsor creditworthiness and make a decision on its borrowing capacity. However, there is a limit on the amount of the loan principal, on which the grant can be received. This limit differs among the Participating Banks as follows:
		Bulgarian Post Bank	EUR	750,000
		DSK Bank	EUR	1,500,000
		United Bulgarian Bank	EUR	2,000,000
		Piraeus Bank	EUR	2,000,000
		Raiffeisenbank	EUR	2,000,000
		Union Bank	EUR	500,000
		UniCredit Bulbank	EUR	2,000,000

The Participating Bank can choose to extend to the client a loan larger than the limit, however, upon successful completion the borrower (project sponsor) will receive a grant on the portion of the loan principal up to the limit.