Purpose
Funding for Small and Medium Enterprises and Professionals to cover their investment plans or to enhance their liquidity with working capital.
- Investment loan costs relate to costs of tangible and intangible assets (e.g. purchase of equipment, modernization of facilities, acquisition of software, etc.)
- Working capital expenditures can meet the current needs of businesses (e.g. purchase of raw materials & goods, salaries, rents, etc.)
Loan Amount & Duration
For Small Business and Professionals (with a turnover of up to € 2.5 million) from € 10.000
- Investment loan with a duration of 1 to 10 years
- Working Capital (Amortized Loan) with a duration of 1 to 7 years
- Open revolving Working Capital with a duration of up to 3 years with annual revision (upon completion of the 3-year period, conversion to an Amortized Loan with a maturity of up to 4 years)
Medium size enterprises (companies with Turnover> € 2.5 million- € 50 million):
Up to €321.400 For companies active in the primary production of agricultural products
Up to €385.700 For companies active in the field of fisheries and aquaculture
Up to €2.571.400 For companies operating in other sectors
- Duration from 3 months to 10 years for Investment Loans and Working Capital
- Duration for Open revolving Working Capital up to 3 years with annual revision
Grace Period
For Small Business and Professionals (with a turnover of up to € 2.5 million):
- Investment loan up to 24 months
- Working Capital (Amortized Loans) up to 8 months
For Medium size enterprises (companies with Turnover> € 2.5 million- € 50 million):
- Investment loan up to 24 months
- Working Capital (Amortized Loans) up to 12 months
Currency
Euro (€)
Interest Rate
Variable based on Euribor + Margin
Interest rates are charged with the interest rate margin and the contribution of L.128 / 75 levy, which currently amounts to 0.60%
The final interest rate of the customer is formed based on the current pricing policy of the Bank and the assessment of the customer’s Creditworthiness
Repayment method
- Small Businesses and Professionals:
- Amortized Loans: monthly or 3-monthly repaying interest and capital
- Open revolving Working Capital: monthly interest payments with free payments of capital
- For Medium Size Enterprises:
- Amortized Loans: 3-monthly, 6-monthly or annual instalments that pay interest and capital or capital, such as balloon or bullet repayments
- Open revolving Working Capital: 3-monthly interest payments with free payments of capital
Disbursements
One-off or Partial instalments.
The allocation of the Program expires on 31.12.2022, unless the budget of the program is depleted earlier.
Collaterals
Reduced collateral requirements due to the offered guarantee of the EGF Guarantee Instrument