- Funding for Very Small, Small or Medium-Sized Enterprises, Professionals and Farmers 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.
- In case that the applicant could be financed through the InvestEU Microfinance, no application should be submitted for the InvestEU SME Competitiveness.
InvestEU SME Competitiveness loans in cooperation with EIF
Financing for the implementation of your investment plans and the enhancement of your business liquidity.
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 SME Competitiveness to enhance the competitiveness of your Small Medium Enterprise, on preferential terms and no additional collaterals.
Why this financial solution?
The InvestEU SME Competitiveness loans in cooperation with EIF offer you the following benefits:
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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 for working capital: 5 years
On completion of the term, it can be converted into term loan, for additional 5 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
- Revolving Credit for Working Capital with monthly, quarterly, semi-annual or annual interest payments and with free payment of capital for the first 5 years
For Small Businesses & Professionals with a turnover of up to €2.5 million:
- Term loans in monthly instalments
- Revolving Credit for Working Capital with monthly interest payment and with free payment of capital for the first 5 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 5 years
Disbursement
In one lump sum or in installments
Early repayment option
- In full or in part, at any time, without any charge
The capital repaid cannot be refinanced, except for the case of revolving loans.
Collateral
Personal and/or company guarantees.
Expiry of the programme
The availability of the program will expire on 28.12.2026, unless the program 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
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