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
  • 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.

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 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=

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

   Call us at  2316008840At the price of one landline call