- Funding for Very Small, Small or Medium-Sized Enterprises, Professionals and Farmers, small Mid-Caps, to cover their investment plans or to enhance their liquidity with working capital.
- Investment loan expenditures relate to costs of tangible and intangible assets e.g. purchase of equipment, modernization of facilities, acquisition of software, etc.
- Working capital expenditures can meet the current needs of businesses e.g. purchase of raw materials & goods, salaries, rents, etc.
- The loans should be new business financings, to be granted within the availability period.
InvestEU Innovation & Digitalisation loans in cooperation with EIF
Fund your business to enhance research and innovation as well as digital transformation.
LOAN AMOUNT
€10,000 - €7,500,000
LOAN TENOR
Up to 10 years
INTEREST RATE
Variable
TYPE OF INTEREST RATE
BLR, BMLR, BRF or Euribor
plus spread
Piraeus Bank in cooperation with the European Investment Fund, offers you the financing of the guarantee Fund InvestEU Innovation & Digitalisation to your Small Medium Enterprise and small Mid-Cap, on preferential terms and reduced collaterals.
Why this financial solution?
The InvestEU Innovation & Digitalisation loans in cooperation with EIF offer you the following benefits:
Need more information?
Product details
Purpose of funding
Amount of funding
€10,000 - €7,500,000
The total loan amount under this programme cannot exceed €7.5 million per company.
The total loan amount under this programme cannot exceed €7.5 million per company.
Duration
- Investment loan: 1 - 10 years
- Working capital (term loan): 1 - 8 years
- Revolving credit working capital: 4 years
On completion of the term, it can be converted into term loan, for additional 6 years, while the guarantee remains in force, with a maximum total term of 10 years.
Grace period
- Working capital (term loan): up to 12 months
- Investment loan: up to 24 months
Currency
Euro
Interest rate
Variable, based on BLR, PLR, BLF or Euribor plus spread
Interest rate notes
The interest rates are charged with the interest margin and the contribution of L.128 / 75, which currently amounts to 0.60% or 0,12% depending on the main economic farming activity. The customer's final interest rate is determined on the basis of an assessment of its creditworthiness
Repayment
For Medium Enterprises with a turnover over €2.5 million:
- Term loans in monthly, quarterly, semi-annual or annual installments (capital and interest)
- Revolving Credit for Working Capital with monthly, quarterly, semi-annual or annual interest payments and free capital payments for the first 4 years
For Small Businesses & Professionals with a turnover of up to €2.5 million:
- Term loans in monthly installments
- Revolving Credit for Working Capital with monthly interest payments and free capital payments for the first 4 years
For Farmers:
- Term Loans in monthly, quarterly, semi-annual or annual installments (capital and interest)
- Revolving Credit for Working Capital with monthly, quarterly, semi-annual or annual interest payments and free capital payments for the first 4 years
Disbursement
In lump sum or partially
Early repayment option
Full or partial repayment option, at any time, without any charge
The capital repaid cannot be refinanced, except for the case of revolving loans.
Collateral
Reduced collaterals due to the guarantee of the Fund.
Expiry of the programme
The Programme will expire on 28.12.2026, unless the Programme budget is exhausted earlier.
Notes
- Final Recipient Transaction benefits from support from the European Union under the InvestEU Fund.
- Final Recipient Transaction is funded by the European Union – NextGenerationEU with the financial backing of Greece under the InvestEU Member State Compartment for Greece.
More information
We are here for you
We will be happy to inform you thoroughly about our products and services. Visit us in one of our branches or contact us by phone to guide you according to your needs.