COSME Piraeus Open 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 and 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 and reduced collateral (guarantee by the Fund for 50% of the loan and collateral not exceeding 30% of the amount of the loan)
REPAYMENT METHOD
Payment of interest only for the capital you have used and Capital repayment at any time
or 
Minimum monthly payment of 5% of the outstanding balance
INTEREST RATE
Variable

Base Loan Rate (BLR) of Piraeus Bank
or
Euribor 1Μ/3M
OTHER FEATURES
  • Ability to use the account through winbank
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 and reduced collateral (guarantee by the Fund for 50% of the loan and collateral not exceeding 30% of the amount of the loan)
REPAYMENT METHOD
Payment of interest only for the capital you have used and Capital repayment at any time
or 
Minimum monthly payment of 5% of the outstanding balance
INTEREST RATE
Variable

Base Loan Rate (BLR) of Piraeus Bank
or
Euribor 1Μ/3M
OTHER FEATURES
  • Ability to use the account through winbank

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.