Loans in cooperation with European Investment Bank
"ΕΙΒ COVID-19 RESPONSE for SMEs & MIDCAPS"

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
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

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
  • For the eligible NACE CODES please click here.

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

Especially, working capitals loans that are signed until the 31.05.2022 (Covid-19 Eligibility Window) eligible expenditures also include: payroll expenses, tax payments (VAT & tarrifs, i.e tax or duty to be paid in relation with imports or exports), social contributions, administrative expenses & operating expenditures.

Investment Loan can finance, indicatively, the following expenditures:

  • 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


Loan Amount & Duration

  • Loan amount: €20.000 - 12,5 € mil.
  • Loan Duration: 2 to 5 years with a grace period of up to 12 months


Interest Rate

Variable based on Euribor + Margin:

  • Euribor 1M / 3M (for Small Businesses and Professionals)
  • Euribor 3Μ/6Μ/12M (For Medium Size Enterprises)

The margin shall be reduced by at least 25 basis points per year, compared to what the company would have if it had been funded by the Bank. Exemption 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.

  • Small Businesses and Professionals: 3-monthly, 6-monthly that pay interest and capital or capital
  • For Medium Size Enterprises: 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 EIB COVID-19 RESPONSE for SMEs & MIDCAPS in cooperation with European Investment Bank and how to get it: