EU Programme Loans

EU programme loans aim to increase businesses’ competitiveness by providing easier access to financing for small and medium-sized enterprises. These loans are disbursed with particularly good conditions - lower interest rates, fewer collateral requirements and fees and, in some cases, partial non-refundable aid. Do not miss this opportunity to develop your business. Let your ProCredit client adviser help you choose the loan best suited to your specific needs.

ESIF EAFRD Greece is co-financed by the Hellenic Republic, the European Union under the European Agricultural Fund for Rural Development (EAFRD) and by the European Fund for Strategic Investments (EFSI). Europe invests in rural areas.

The financial support is provided in the contex of the ESIF EAFRD Greece and is co-financed by the Hellenic Republic, the European Union under the European Agricultural Fund for Rural Development (EAFRD) and by the European Fund for Strategic Investments (EFSI). The purpose of the programme is to support investments in agricultural holdings and/or investments in processing, marketing and/or development of agricultural products.

This financial transaction benefits from the guarantee granted under the ESIF EAFRD Greece Fund of Funds, which is financed by funds provided by the Hellenic Republic, the European Union under the European Agricultural Fund for Rural Development (EAFRD), and the European Fund for Strategic Investments (EFSI). The objective the ESIF EAFRD Greece Fund of Funds is to support final recipients acting in the agricultural sector in obtaining access to finance that is necessary for the development of their businesses, on preferential terms. Moreover, the purpose of the ESIF EAFRD Greece Fund of Funds is to contribute to the economic development of Greece, through the creation of new jobs in the agricultural sector and the development of the Greek rural areas.

The loan facility is intended to support investments under the Rural Development Program included in the following two actions:

4.1.4 Support for investments in agricultural holdings” (investments that contribute to the competitiveness of agricultural holdings), and

4.2.4 Support for investments in processing, marketing and/or development of agricultural products” (investments in processing, marketing and development of agricultural products with the end products under Annex I).

 

The loan shall finance eligible investments in accordance the EAFRD Regulation and its implementing acts and in particular:

  • Costs for the purchase of tangible and intangible assets;
  • Working capital being part of the business plan of the investment project, for an amount not exceeding EUR 200,000 or 30% of the total amount of the eligible costs for the investment, whichever is the higher.

The aim of the loan facility is to support with financing SMEs in agricultural sector who invest in their activity, recognizing the opportunities for sustainability and growth of agricultural businesses in Greece through direct financial benefits in the collateral requirements and the interest rate:

 

Amount EUR 10 000 - 5 000 000
Loan term 1-15 years
Interest rate preferential interest rate
Fees as per the bank’s Price List for legal entities
Collateral 50% less collateral is required 

 

How to apply?

  1. Submit an application online on www.ependysis.gr and register ProCredit Bank as your partner bank.
  2. Having your unique registration number, contact your Business client advisor or our contact center on 2316 00 88 40 for further information.

ProCredit Bank, in collaboration with the EIF, participates in the EEGGF, financing investments by Small and Medium-sized enterprises operating in Greece. The ESIF ERDF Greece Guarantee Fund “EEGGF“ is co-financed by Greece and the European Union / European Regional Development Fund, through the EPAnEK Operational Programme. The objective of the EEGGF is to improve access to finance for SMEs, through loss protection provided by the EIF Guarantee to newly originated loans for eligible SMEs in Greece.

The objective of the programme is facilitating access to finance and improving financing conditions to SMEs operating in Greece, particularly in less developed and more developed regions in Greece.

The loan facility is intended to support the following eligible costs:

1)      Investments in tangible and intangible assets;

2)      Working capital;

3)      Transfer of proprietary rights in enterprises provided that such transfer takes place between independent investors.

Additionally, the SMEs shall be eligible under the scope of De Minimis regulation.

Amount Up to EUR 1 875 000 
Term min 1 year
Interest rate preferential interest rate
Fees as per the bank’s Price List for legal entities
Collateral 50% less collateral is required 

 

How to apply?

  1. Submit an application online on www.ependysis.gr and register ProCredit Bank as your partner bank.
  2. Having your unique registration number, contact your Business client advisor or our contact center on 2316 00 88 40 for further information.

ESIF ERDF Greece Guarantee Fund “EEGGF” is co-financed by the EU and the Hellenic Republic under the Operational Programme for Competitiveness, Entrepreneurship and Innovation for 2014-2020 of the Hellenic Republic.

 

More information can be found on http://www.antagonistikotita.gr/epanek/prokirixeis.asp?id=74&cs=

ProCredit Bank offers financing under the Pan-European Guarantee Fund programme supporting the SMEs by providing enhanced access to working capital and investment financing in order to overcome the consequences of Covid-19 outbreak. The transactions benefit from a preferential interest rate and minimum 50% less collateral requirements.

The financing under the Pan-European Guarantee Fund programme has 70% guarantee coverage and constitutes state aid under the Commission Decision numbered C (2020) 9237 and based on the terms and conditions set in Sections 3.1 of the Temporary Framework for State aid Measures to Support the Economy in the Current COVID-19 Outbreak (TF).

Final recipients (Enterprises) eligibility criteria:

  • SMEs (up to 249 employees and Annual turnover up to EUR 50 mio or Balance sheet up to EUR 43 mio);
  • Not an "undertaking in difficulty" (within the meaning of Commission Regulation (EU) No C (2014) 651/2014 of 17 June 2014);
  • Not a subject to collective insolvency proceedings;
  • Not delinquent for more than 20 days or in default in respect of any transaction granted by a financial institution;
  • Shall not have a substantial focus in one or more restricted sectors / activities set in the Pan-European Guarantee Fund programme.


Loan facility еligibility criteria:

  • Loan amount in accordance with Section 3.1 of TF:
    - For companies active in the primary production of agricultural products – up to EUR 321 428;
    - For companies active in the fishery and aquaculture sector – up to EUR 385 714;
    - For companies active in other sectors – up to EUR 2 571 428;
  • Currency – EUR;
  • Loan purpose – working capital and/or investments;
  • Loan type – credit line, overdraft, bullet credit or a loan with monthly instalments;
  • Мaturity:
    - Minimum 12 months;
    - Up to 36 months for credit lines and overdrafts;
    - Up to 48 months for bullet loans;
    - Up to 120 months for investment loans.


The transactions benefit from support by the EGF Guarantee Instrument, implemented by the European Investment Fund with the financial backing of the Member States contributing to the EGF.

Do you have any questions or are you interested in applying?

   Call us at  2316008840At the price of one landline call