Purpose
The enhancement of the liquidity of of SMEs in the construction and engineering sector, which intent to undertake or have undertaken the execution of a public interest project and/or study, regardless of the stage of execution of the project or study, through the provision of guarantees.
This funding should in no way be related to:
- refinancing / repayment of existing borrowing or credit lines,
- financing of a dividend payment program or purchase of shares,
- financing of Acquisitions and Mergers
Amount
From €3,000 up to €400,000
Duration
1 to 5 years
Currency
Euro (€)
Interest Rate
Floating based on Euribor 1Μ/3Μ
Interest rates are charged with the interest rate margin and the contribution of L.128 / 75, which currently amounts to 0.60%
The final interest rate of the customer is formed based on the current pricing policy of the Bank and the general terms of the Action.
Repayment
With monthly or quarterly installments
Early repayment
Early partial or total repayment free of charge.
Loan’s Fees
Based on existing pricing policy of expenses and commissions for Working Capital Loans
Guarantee Fee Rate
The Guarantee Fund offers the option of covering the Guarantee fee in the form of state aid, within the limits set by the program. The Guarantee Fee is calculated as a percentage per annum and increases progressively according to the loan duration, as set out in the following table:
Enterprise |
|
1st year |
|
2nd & 3rd year |
|
4th & 5th year |
|
SME
|
|
0,25
|
|
0,50
|
|
1,00
|
Disbursement
One-off or Partial instalments
Collaterals
Reduced collateral requirements due to the guarantee provided by the Guarantee Fund.
Availability Period
The availability period is until 31.12.2024, unless the budget of the program has been absorbed earlier.