Fast Business Working Capital

Open Working Capital available whenever you need it, through your bank account or Cash for Business debit card.
DESCRIPTION
  • Open Working Capital available whenever you need it, through your bank account or Cash for Business debit card.
REPAYMENT METHOD
  • Capital repayment at any time
  • Payment of interest only for the capital you have used
INTEREST RATE
Variable

based on the BLR
OTHER FEATURES
  • 24-hour access to your open working capital through your Cash for Business debit card

Which businesses may receive Piraeus Fast Business Working Capital

Small businesses and professionals

Only small businesses and professionals with annual turnover up to €400,000 are entitled to open working capital to cover emergency, seasonal or regular liquidity needs:

  • Sole proprietorships
  • General partnerships
  • Limited partnerships

Features

Amount

From €15,000 to €80,000. The limit is renewed every 12 months.



Duration

Indefinite



Interest Rate

Variable interest rate based on the Base Loan Rate (BLR) of Piraeus Bank.

Interest rates are also subject to the Law 128/1975 levy. Today it stands at 0.60%.



Repayment

In monthly instalments:

  • Pay only interest and the capital you wish, with the option of reusing the capital, or
  • Pay a minimum 5% for interest and capital each month, with the option of reusing the capital

ΤWhat added benefits does Piraeus Business Working Fast Business

Cash for Business debit card

Corporate or personal card with no annual fee. Use it for transactions:

  • At ATMs
  • At easypay machines
  • At businesses featuring the VISA / VISA Electron logo


Preferential rates

  • Automatic payment of public utility bills without commission
  • Special payroll pricing
  • Free winbank subscription