Loans in cooperation with European Investment Bank and the support of the European Guarantee Fund (EGF)

Piraeus Bank, in cooperation with the European Investment Bank (EIB) and the support of the European Guarantee Fund (EGF), grants loans to support SMEs with preferential terms.
IDEAL FOR
Businesses active in indicative sectors:
  
  • Primary sector
  • Manufacturing
  • Trade
  • Services
  • Tourism
REPAYMENT METHOD
  • In monthly, 3-monthly, 6-monthly or annual instalments that pay interest and capital or capital
INTEREST RATE
Variable

based on Euribor

or

BLR
OTHER FEATURES
  • The final interest rate will be reduced in relation to the one that would have if financed outside this program
  • plus charge payable pursuant to Law 128/75 (where provided)
IDEAL FOR
Businesses active in indicative sectors:
  
  • Primary sector
  • Manufacturing
  • Trade
  • Services
  • Tourism
REPAYMENT METHOD
  • In monthly, 3-monthly, 6-monthly or annual instalments that pay interest and capital or capital
INTEREST RATE
Variable

based on Euribor

or

BLR
OTHER FEATURES
  • The final interest rate will be reduced in relation to the one that would have if financed outside this program
  • plus charge payable pursuant to Law 128/75 (where provided)

Eligibility criteria

  • Small and Medium sized Enterprises (SMEs), which employ up to 250 employees calculated in Annual Work Units (AWU) and have a Turnover of up to €50 million or a balance sheet total of up to €43 million.
  • Enterprises whose main activity ( largest revenue) is eligible according to the table of Eligible nace codes.
  • Enterprises that are located, operate and invest in Greek territory
  • Enterprises that have not been sanctioned (sanctioned persons)
  • Enterprises that have or will have loan contract at the period from 31/12/2021 up to 30/12/2023

For the eligible NACE CODES please click here

For the eligibility criteria please click here (available only in Greek)

Financing features

In order to overcome the financial outcomes of outbreak of COVID-19 , this funding line was created in cooperation with European Investment Bank (EIB) so as to provide working capital and investment loans to all the eligible enterprises.


Working Capital loan can finance expenditures such as the purchase of goods & raw materials

Investment Loan can finance, indicatively, the following expenditures :

  • Purchase of equipment
  • Research and development expenses
  • Purchase, construction, renovation or extension of tangible assets

This funding cannot be used to refinance or restructure existing business loans.


Loan Amount & Duration

The amount of the loan can be up to €12.5 million, subject to conditions, and the duration & the grace period is individualized in each case.


Interest Rate

Variable based on Euribor or BLR, plus charge payable pursuant to Law 128/75 (where provided)

The final interest rate will be reduced in relation to the one that would have if financed outside this program.


Repayment method

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


Disbursements

One-off or Partial instalments.

How to get it

To learn more about Loans in cooperation with European Investment Bank under the European Guarantee Fund (EGF) and how to get it:



"Final Recipient Transaction benefits from support by the European Guarantee Fund (“EGF”), implemented by the European Investment Bank with the financial backing of the Member States contributing to the EGF".