Piraeus Development Working Capital

Working Capital for businesses that wish to receive an approved subsidy from a Development Programe 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

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. Today it stands at 0.60%.



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.