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.

ProCredit Bank offers investment and working capital loans to companies under the InnovFin Programme. By providing guarantees, the Programme aims to support the financing of innovations for SMEs.

Amount up to EUR 7.5m
Currency EUR
Interest rate preferential interest rate
Fees as per the bank’s Price List for legal entities
Collateral 50% less collateral is required 


Under the InnovFin Programme ProCredit Bank offers loans to:

  • enterprises focused on research and development activity
  • enterprises which have been operating on the market for less than 12 years and their workforce or turnover has increased by at least 20% p.a. over a three-year period
  • enterprises which have been operating on the market for less than 7 years and their R&I costs represent at least 5% of their total operating costs
  • small and medium enterprises initiating innovative investments (e.g. the introduction of new or significantly improved products, goods and services; important changes in the production process; innovations in the form of production organisation as well as new marketing methods and concepts)

The InnovFin Programme provides financing which results in increased competitive advantage and efficiency, reduced costs and improved workplace satisfaction.

Final Recipient Transaction is supported by the InnovFin SME Guarantee Facility, with the financial backing of the European Union under Horizont 2020 Financial Instruments and the European Fund for Strategic Investments (EFSI) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.

Following the new agreement with the Hellenic Development Bank, ProCredit clients will have access to new credit products with reduced collateral requirements.  The Hellenic Development Bank guarantee will cover 80% in each transaction to support the business in dealing with the effects that may be due to Covid-19.

The amount of total funding should not exceed the maximum of the following amounts:

  1. Up to 25% of the turnover of the company in 2019 or
  2. Up to twice the salary cost of the company in 2019 or
  3. After sufficient justification that determines the liquidity needs of the company, the loan amount may be increased beyond the above limits 1. and 2. to meet the liquidity needs from the date of granting the loan for the next 18 months for the Small and Medium Enterprise and the self-employed

Eligible Enterprises are small and medium-sized companies that operate legally in Greece and fulfill the following criteria:

  • not to be characterized as "problematic" (as mentioned in point 18 of article 2 of Regulation 651/2014), on 31.12.2019
  • not to have overdue debts for more than 90 days either on the Contract date or on 31.12.2019
  • not to meet the reasons for the exclusion of article 40 of law 4488/2017 (Government Gazette 138/139)
  • not to be pending the recovery of previous illegal and incompatible state aid according to a decision of the EU
  • in case the enterprise has previously joined EAT (formerly ETEAN) programs that have expired or are in force, should not show adverse transactional behavior in debt repayment, such as a loan complaint or relevant overdue debts over ninety (90) days

Non Eligible Sectors/ Enterprises:

  • Illegal activities in accordance with Greek and Community law
  • The production of and trade in tobacco
  • The production of and trade in weapons and ammunition of any kind.
  • Researching and developing techniques related to online gambling / online casinos / or giving illegal access to electronic data networks
  • Research, development or technical applications relating to (i) Human cloning for research or therapeutic purpose; or (ii) Genetically Modified Organisms (“GMOs”)

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

More information about the program can be found on

The supported funding is provided by the guarantee of the COVID-19 Business Guarantee Fund of EAT, co-financed by the European Regional Development Fund (ERDF) and the Greek State, and with the contribution of the Operational Program Competitiveness, Entrepreneurship and Innovation (EPANEK).

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

   Call us at  2316008840At the price of one landline call