COSME Piraeus Business Working Capital

Piraeus Bank, in cooperation with the European Investment Fund, participates in the “COSME” guaranteeing tool and grants loans to support small and medium-sized enterprises on preferential terms, i.e. reduced collateral (guarantee by the Fund for 50% of the loan and collateral not exceeding 30% of the amount of the loan)
DESCRIPTION
  • Piraeus Bank, in cooperation with the European Investment Fund, participates in the “COSME” guaranteeing tool and grants loans to support small and medium-sized enterprises on preferential terms, i.e. reduced collateral (guarantee by the Fund for 50% of the loan and collateral not exceeding 30% of the amount of the loan)
REPAYMENT METHOD
  • In equal monthly or 3-monthly instalments Payment of capital and interest
INTEREST RATE
Variable

Base Loan Rate (BLR) of Piraeus Bank
or
Euribor 1Μ/3M
OTHER FEATURES
Grace period

  • Up to 1 year for Working Capital
  • Up to 2 years for Investments

Early repayment option- no fee applies
DESCRIPTION
  • Piraeus Bank, in cooperation with the European Investment Fund, participates in the “COSME” guaranteeing tool and grants loans to support small and medium-sized enterprises on preferential terms, i.e. reduced collateral (guarantee by the Fund for 50% of the loan and collateral not exceeding 30% of the amount of the loan)
REPAYMENT METHOD
  • In equal monthly or 3-monthly instalments Payment of capital and interest
INTEREST RATE
Variable

Base Loan Rate (BLR) of Piraeus Bank
or
Euribor 1Μ/3M
OTHER FEATURES
Grace period

  • Up to 1 year for Working Capital
  • Up to 2 years for Investments

Early repayment option- no fee applies

This financing is made possible thanks to the Guarantee provided by COSME and the European Strategic Investment Fund ("ESIF") set up under the Investment Plan for Europe. The aim of the ETSC is to contribute to the financing and realization of productive investments within the European Union and to ensure increased access to finance