Loans in cooperation with European Investment Bank
"Piraeus Bank Loan for Agriculture & Bioeconomy"

Financing for SMEs and Μidcaps (up to 3.000 employees) active in the agriculture and bioeconomy sectors and for Young Farmers, in the form of working capital and/or investment loans with favourable terms in cooperation with European Investment Bank
IDEAL FOR
Businesses active indicatively in the following agriculture and bioeconomy sectors:

  • Primary sector
  • Manufacturing
  • Wholesale and retail sale of food and beverages
  • Food and beverage activities
REPAYMENT METHOD
  • In 3-monthly, 6-monthly or annual instalments that pay interest and capital or capital
INTEREST RATE
Variable

based on Euribor

+ Margin
OTHER FEATURES
  • Exception from the charge payable pursuant to Law 128/75
  • Favourable pricing for eligible businesses
  • Additional pricing benefits for loan to young farmers (up to 41 years old)
IDEAL FOR
Businesses active indicatively in the following agriculture and bioeconomy sectors:

  • Primary sector
  • Manufacturing
  • Wholesale and retail sale of food and beverages
  • Food and beverage activities

REPAYMENT METHOD
  • In 3-monthly, 6-monthly or annual instalments that pay interest and capital or capital
INTEREST RATE
Variable

based on Euribor

+ Margin
OTHER FEATURES
  • Exception from the charge payable pursuant to Law 128/75
  • Favourable pricing for eligible businesses
  • Additional pricing benefits for loan to young farmers (up to 41 years old)

Eligibility criteria

  • 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.

Financing features

Financing for working capital or investment loan. The amount of the loan ranges between € 5,000 and up to € 12.5 million and concerns the coverage of 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-Long term investment loan

Loan Duration: 2 to 12 years with a grace period of up to 24 months

Working Capital

Loan Duration: Loan Duration: 2 to 8 years with a grace period of up to 12 months

Interest Rate

Euribor + Margin
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.

Additionally, in the case of loans to young farmers, the margin will be reduced by additional 20 basis points per year.

Exception from the charge payable pursuant to Law 128/75.

Repayment method

  • In 3-monthly, 6-monthly or annual instalments that pay interest and capital or capital.

How to get it

To learn more about the Piraeus Bank Loan for Agriculture & Bioeconomy in cooperation with European Investment Bank and how to get it: