EU Programme Loans

The InvestEU Programme for SME Competitiveness is supported by the European Union through the InvestEU Fund. It is financed by the European Union - NextGenerationEU and with the financial support of Greece as a contributing Member State to InvestEU. The Guarantee Programme is funded by the Recovery and Resilience Facility, under the National Recovery and Resilience Plan for Greece.

ProCredit Bank, in partnership with the European Investment Fund (EIF), provides loans to support Small and Medium-sized enterprises under the "InvestEU SME Competitiveness" guarantee programme with preferential collateral conditions.

Programme specifications:

   ● Borrowers - Micro, small and medium-sized enterprises, according to the Law on SMEs and Small Mid-Cap;

   ● Loan amount – up to EUR 7.5 million;

   ● Currency - EUR;

   ● Guarantee coverage – up to 60%;

   ● Purpose of the loan - installment loan, credit line, overdraft;

   ● Interest rate and fees – preferential conditions. The guarantee fee is covered by ProCredit Bank;

   ● Collateral – reduced requirements for the collateral provided by the enterprises, up to 40% of the loan amount;

   ● Term of financing:

         - minimum 12 months;

         - up to 48 months for revolving loans (credit lines & overdrafts);

         - up to 144 months for investment loans.

The InvestEU innovation and digitalisation programme is supported by the European Union through the InvestEU Fund, financed by the European Union - NextGenerationEU and with the financial support of Greece as a contributing member state to InvestEU. The Guarantee Programme is funded by the Recovery and Resilience Facility, under the National Recovery and Resilience Plan for Greece.

ProCredit Bank, in partnership with the European Investment Fund (EIF), provides loans to support Small and Medium-sized enterprises under the "InvestEU ustainability" guarantee programme with preferential collateral conditions.

Programme specifications:

   ● Borrowers - Micro, small and medium-sized enterprises, according to the Law on SMEs and Small Mid-Cap;

   ● Loan amount – up to EUR 7.5 million (under certain conditions, the InvestEU funding limit can be increased to €15 million);

   ● Currency - EUR;

   ● Guarantee coverage – up to 80%;

   ● Purpose of the loan - Instalment loan (incl. loan with extended period of utilization), credit line, overdraft;

   ● Interest rate and fees – preferential conditions. The guarantee fee is covered by ProCredit Bank;

   ● Collateral – reduced requirements for the collateral provided by the enterprises, up to 40% of the loan amount;

   ● Term of financing:

         - minimum 12 months;

         - up to 48 months for revolving loans (credit lines & overdrafts);

         - up to 144 months for investment loans.

   ● Client eligibility criteria:

The borrower should comply with one or more of the Innovation Criteria or with one or more of the Digitalisation Criteria.

 

Innovation Eligibility Criteria

   ● The client should use the loan to invest in producing, developing or implementing new or substantially improved:

         - products, processes or services,

         - or production or delivery methods,

         - or organisational or process innovation.

   ● OR finance investments in intangible assets

   ● The Client is:

         - A "fast-growing enterprise", operating in a market for less than 10 years following its first commercial sale;

         - AND with an average annualised endogenous growth in employees or in turnover greater than 20% a year, over a three-year period,

         - AND with ten or more employees at the beginning of the observation period.

   ● The Client shall have a significant innovation potential or be an "R&I-intensive enterprise”

 

Digitalisation Eligibility Criteria 

The client should use the loan for at least one of the following purposes:

   ● Innovative business models;

   ● Supply chain management;

   ● Product/service innovations;

   ● Customer relationships;

   ● Business development;

   ● Cybersecurity/data protection;

   ● Internal processes;

   ● Digital skills, training and upskilling;

   ● Digitalisation enterprises.

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 in the framework of the FoF. The objective of this fund of funds and its first loss guarantee is to support the access of the final recipients acting in the agricultural sector to the external financing necessary for the development of their businesses. Moreover, the purpose of this fund of funds is to contribute to the development of Greek territory, to the creation of new jobs in the agricultural sector and wealth on the rural territory of Greece.

 

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 with 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 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, you can reach out to 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.