Piraeus Bank Loan for Agriculture & Bioeconomy

Financing for working capital or a medium-term investment loan.

Covering expenses for:

• Purchase of equipment
• Research and development
• Purchase, renovation or extension of tangible assets, including the development and planning during the construction phase, financing costs during the construction phase for up to 10% of the total project cost, financing of land purchase which is technically essential for the investments for up to 10% of total project cost
• Purchase of goods and raw materials
• In the sectors of agriculture and bioeconomy, indicatively, eligible are projects for non-heated greenhouses and biogas plants subject to specific conditions

• Medium-term investment loan: 2 - 12 years
• Working capital: 2 - 8 years

• Medium-term investment loan: up to 24 months
• Working capital: up to 12 months

• The margin will be reduced by at least 25 basis points per year, when compared with the margin that would apply in the case the loan were funded with the bank’s own resources.
• Exception from the charge payable pursuant to Law 128/75.
• Additionally, in the case of loans to young farmers, the margin will be reduced by additional 20 basis points per year.

Quarterly, semi-annual or annual installments

The installments pay off:

• Interest and principal
• Interest only, if there is a grace period

The following enterprises are eligible:

• Small and medium sized enterprises (“SMEs”), defined as enterprises with less than 250 employees (full-time equivalent), that are active in the agriculture and bioeconomy sectors
• "MidCaps", defined as enterprises with minimum 250 and less than 3000 employees (full-time equivalent), that are active in the agriculture and bioeconomy sectors
• Young farmers up to 41 years old, who are active farmers and heads of an agriculture holding
• Enterprises that are located, operate and invest in Greek territory

For the eligible Nace codes please click here (available only in Greek).