Piraeus Development Working Capital R.E.S.

Loan for the prepayment of a grant for investment projects on Renewable Energy Sources (R.E.S.) which are part of the ESPA actions and/or other subsidized programs.
IDEAL FOR
  • Small and Very Small Enterprises
    (up to m€ 2.5 turnover)
REPAYMENT METHOD
  • The repayment of the capital is effected in one installment, which is paid at the end of the loan (balloon payment).
INTEREST RATE
Variable

based on

Euribor 1Μ / 3M

OTHER FEATURES
  • Up to 35 months Grace Period, depending on the frequency of loan installments (monthly / quarterly)
  • Additional services such as insurance coverage
IDEAL FOR
  • Small and Very Small Enterprises
    (up to m€ 2.5 turnover)
REPAYMENT METHOD
  • The repayment of the capital is effected in one installment, which is paid at the end of the loan (balloon payment).
INTEREST RATE
Variable

based on

Euribor 1Μ / 3M

OTHER FEATURES
  • Up to 35 months Grace Period, depending on the frequency of loan installments (monthly / quarterly)
  • Additional services such as insurance coverage

4 reasons to invest in green products for businesses

 1.  Access to financing with preferential terms

Piraeus Bank actively supports the Green Entrepreneurship and offers the “Piraeus Development Working Capital R.E.S” for the prepayment of a grant for investment projects on Renewable Energy Sources (R.E.S.) which are part of the ESPA actions and/or other subsidized programs with preferential interest rates and terms, depending on the client’s profile and relevant collaterals.


 2.  Flexible procedures

We have the necessary green technical know-how to ensure quick and easy financial evaluation, tailored to your needs. We also support you in any necessary decision-making throughout the implementation of the project.


 3.  Sustainable investment

The features of the green business financing and insurance package are designed to ensure positive returns early on in your investment.


 4.  The right move for the environment

With a well-designed business plan and the continuous offered support you contribute both in growing the economy and protecting the environment.


Who it concerns

Small and very small sized Enterprises (turnover up to m€2,5) which need financing for the prepayment of a grant for investment projects on Renewable Energy Sources (R.E.S.)

How you benefit

Combination of financing and insurance solutions

Piraeus Financial Holdings SA, as an insurance intermediary, carries out the activity of distribution of insurance products, in the name and on behalf of the insurance companies with which it maintains cooperation, to provide you with modern insurance solutions for Renewable Energy Sources (R.E.S.).

Features

Loan amount

From €5.000


Loan Term

3 years


Interest Rate

Variable interest rate, based on Euribor 1M / 3M plus a minimum spread of 4%, depending on the collaterals.
Interest rates are also subject to the Law 128/1975 Levy.



Repayment

The repayment of the capital is effected in one installment, which is paid at the end of the loan (balloon payment).



Grace period

  • 35 months in case of monthly payments
  • 33 months in case of quarterly installments



Disbursement

One time or partial disbursements in accordance with the terms of the inclusion decision and the regulations/instructions of each program.



Mandatory insurance coverage

Mandatory Fire and Earthquake Insurance for the mortgaged property.
Mandatory insurance of the photovoltaic system.

Additional Services

  • Free card issuing - Business Debit
  • Access to winbank e-banking platform services
  • Option for Corporate card issuing
  • Payroll services