Loans in cooperation with European Investment Bank
"ΕΙΒ Loan for Youth Employment"

Financing SMEs and Μidcaps (up to 3.000 employees) in the form of working capital and/or investment loans with favourable terms in cooperation with European Investment Bank
IDEAL FOR
Businesses active in indicative sectors:
  
  • Primary sector.
  • Manufacturing
  • Trade
  • Services
  • Tourism
REPAYMENT METHOD
  • In 3-monthly, 6-monthly or annual instalments that pay interest and capital or capital
INTEREST RATE
Variable

based on Euribor

+ Margin
OTHER FEATURES
  • Exception from the charge payable pursuant to Law 128/75
  • Favourable pricing for eligible businesses
  • Additional favourable pricing for companies that support youth employment (15-29 years)
IDEAL FOR
Businesses active in indicative sectors:
  
  • Primary sector.
  • Manufacturing
  • Trade
  • Services
  • Tourism
REPAYMENT METHOD
  • In 3-monthly, 6-monthly or annual instalments that pay interest and capital or capital
INTEREST RATE
Variable

based on Euribor

+ Margin
OTHER FEATURES
  • Exception from the charge payable pursuant to Law 128/75
  • Favourable pricing for eligible businesses
  • Additional favourable pricing for companies that support youth employment (15-29 years)

Eligibility criteria

  • Small and medium sized enterprises (“SMEs”), defined as enterprises with less than 250 employees (full-time equivalent)
  • "MidCaps", defined as enterprises with minimum 250 and less than 3000 employees (full-time equivalent).
  • Enterprises that are located, operate and invest in Greek territory

Financing features

Financing for working capital or investment loan. The amount of the loan ranges between € 20,000 and up to € 12.5 million and concerns the coverage of expenses for:

  • Purchase of equipment
  • Research and development
  • Purchase, renovation or extension of tangible assets, including the development and planning during the construction phase; financing costs during the construction phase for up to 10% of the total Project cost; financing of land purchase which is technically essential for the investments for up to 10% of total Project cost
  • Purchase of goods and raw materials


Medium-Long term investment loan

Loan Duration: 2 to 12 years with a grace period of up to 24 months


Working Capital

Loan Duration: Loan Duration: 2 to 8 years with a grace period of up to 12 months


Interest Rate

Euribor + Margin
The margin should be reduced by at least 25 basis points per year, from what the company would have if it had been funded by the Bank. Exception from the charge payable pursuant to Law 128/75


Repayment method

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


Jobs for Youth Initiative

Through this initiative, companies that support the employment of young people (age ranging from 15-29 years old) with one of the following ways, can obtain financing in more favorable terms. In particular:

  • In the last 6 months it has employed at least one young person (5 for MidCaps), or in the coming six months it plans to employ at least one young person (5 for MidCaps)
  • In the last 6 months it has provided a vocational training or internship position to at least one young person (5 for MidCaps), or in the coming 6 months it plans to provide a vocational training or internship position to at least one young person (5 for MidCaps),
  • In the last 6 months it has participated in a youth entrepreneurship programme of a Non-Governmental Organisation or educational institution, or plans to participate in such programme in the coming 6 months.

How to get it

To learn more about ΕΙΒ Loan for Youth Employment in cooperation with European Investment Bank and how to get it: