Innovfin SME Guarantee Facility

Piraeus Bank, in cooperation with the European Investment Fund, participates in the "Innovfin SME Guarantee Facility" and provides loans on preferential terms (guarantee by the Fund for 50% of the loan) to innovative SME’s or Small Midcaps employing up to 499 employees.
IDEAL FOR
SME’s or Small Midcaps that focus on research and innovation
REPAYMENT METHOD
  • In 3 monthly
  • 6 monthly
  • Or annual instalments that pay interest and capital or capital
INTEREST RATE

EURIBOR
+ margin
OTHER FEATURES
  • Grace period up to 24 months
  • Early repayment option- no fee applies
IDEAL FOR
SME’s or Small Midcaps that focus on research and innovation
REPAYMENT METHOD
  • In 3 monthly
  • 6 monthly
  • Or annual instalments that pay interest and capital or capital
INTEREST RATE

EURIBOR
+ margin
OTHER FEATURES
  • Grace period up to 24 months
  • Early repayment option- no fee applies

Financing features


Purpose

Financing SME’s or Midcaps that meet the eligibility criteria, for working capital as well as for investments in tangible or intangible fixed assets.

Amount
From €25.000 up to €7.500.000 

Duration of Finance
Duration from 1 up to 10 years with the ability of a grace period

Currency
The loan will be granted exclusively in Euro (€)

Interest Rate
Euribor + margin

Interest rates are also subject to the Law 128/1975 levy, currently at 0.60% (or 0.12% where this is foreseen).

Repayment

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

Disbursements

  • One-off or Partial instalments

Collaterals

  • Reduced collateral requirements due to the guarantee provided by the European Investment Fund (EIF)

The Program ends on 30.4.2019, unless the budget has been absorbed earlier, or has been given an extension to the termination date.

How to get it

In order to find out about Financial Product through the “Innovfin SME Guarantee Facility” and the process to get it:

Visit any Piraeus Bank branch

Find the nearest branch

Call 18 2 18


This transaction is supported by the InnovFin SME Guarantee Facility, with the financial backing of the European Union under Horizon 2020 Financial Instruments and the European Fund for Strategic Investments (EFSI) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.