Piraeus Development Working Capital

Working Capital for businesses that wish to receive an approved subsidy from a Development Program in advance.
DESCRIPTION
  • Working Capital for businesses that wish to receive an approved subsidy from a Development Program in advance.
REPAYMENT METHOD
  • Capital: as soon as the subsidy is paid
  • Interest: in monthly or 3-monthtly instalments
INTEREST RATE
Variable

based on the BLR
OTHER FEATURES
  • Early repayment without penalties

Financing Features

Amount

Minimum Amount up to €5.000



Duration

Up to 3 years, with the option of extending it.



Interest Rate

Variable, based on:

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



Disbursement

In instalments as the investment progresses, in line with the development program.



Repayment

At the end of the subsidy, as specified by the organisation managing the development program:

  • Payment of capital as soon as the subsidy is paid
  • Payment of interest every 1 or 3 months


Early repayment option

Without penalties, for all or part of the subsidy.