- 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.
InvestEU Sustainability loans in cooperation with EIF
Funding to cover green investments and boost sustainable entrepreneurship.
LOAN AMOUNT
€10,000 - €7,500,000
LOAN TENOR
Up to 12 years
depending on the type of loan
INTEREST RATE
Variable
TYPE OF INTEREST RATE
BLR, BMLR, BRF or Euribor
plus spread
Piraeus Bank in cooperation with the European Investment Fund, offers the financing of the guarantee Fund InvestEU Sustainability to Small Medium Enterprises and small Mid-Caps to Small Medium Enterprises and small Mid-Caps aiming to enhance sustainable entrepreneurship, supporting investments related to the green transition through energy production from renewable sources, energy saving investments and energy upgrading of building and mechanical infrastructures.
Why this financial solution?
The InvestEU Sustainability loans in cooperation with EIF offer you the following benefits:
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Product details
Purpose of funding
Amount of funding
Loan amount from €10,000 to €7,500,000, depending the type of financing.
Duration
- Investment loan: tenor from 1 to 12 years
- Working Capital (Term loan): tenor from 1 to 8 years
- Revolving Credit for Working Capital with tenor of 4 (upon maturity, possibility of conversion into Term Loans, for additional 6 years, while the guarantee remains in force, with a maximum total term of 10 years.)
Grace period
- Up to 1 year for working capital (term loan)
- Up to 2 years for investment loans
Currency
Euro
Interest rate
Variable based on BLR, PLR, BLF or Euribor + 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
Medium Sized companies (with turnover over €2.5 million):
- Term Loans: Monthly, quarterly, semi-annual or annual installments (capital and interest)
- Revolving Credit for Working Capital: Monthly, quarterly, semi-annual or annual interest payments and free capital payments for the first 4 years
Small Businesses (with turnover up to €2.5 million):
- Term Loans: Monthly installments (capital and interest)
- Revolving Credit for Working Capital: Monthly interest payments and free capital payments for the first 4 years
Farmers
- Term Loans: Monthly, quarterly, semi-annual or annual installments (capital and interest)
- Revolving Credit for Working Capital: Monthly, quarterly, semi-annual or annual interest payments and free capital payments for the first 4 years
Disbursement
One-off or Partial instalments.
Early repayment option
- Early partial or full repayment is possible 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 availability period is until 28.12.2026, or earlier if the budget is being absorbed.
“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.”
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