COSME Piraeus Business Working Capital Agribusiness

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

Capital: Direct linking of the company's loan account with the Piraeus Bank's installed POS and impairment of the debit balance 

Minimum monthly payment of the outstanding balance (interest and capital included 15% 3 monthly) 

INTEREST RATE
Variable

Based on Euribor 3M
OTHER FEATURES
  • Ability through winbank to determine how to allocate to the sub-limits of the available amount resulting from the settlement of POS transactions.
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

Capital: Direct linking of the company's loan account with the Piraeus Bank's installed POS and impairment of the debit balance 

Minimum monthly payment of the outstanding balance (interest and capital included 15% 3 monthly) 

INTEREST RATE
Variable

Based on Euribor 3M
OTHER FEATURES
  • Ability through winbank to determine how to allocate to the sub-limits of the available amount resulting from the settlement of POS transactions.

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.