SME loans: InvestEU financing up to €7.5 million through RRF GR SME Competitiveness
New InvestEU-backed loans, ranging from €10,000 to €7.5 million, are being offered to small and medium-sized enterprises through the RRF GR SME Competitiveness program, part of the European Union’s InvestEU initiative, according to press reports from Monday, November 6, 2026. The facility operates with a guarantee from the European Investment Fund (EIF) and offers reduced collateral requirements, with repayment periods that can reach 12 years.
According to the same reports, the program aims to strengthen business competitiveness, covering both investment plans and working-capital needs. Interest rates and collateral terms vary depending on the participating bank, with fixed or variable rate options and grace periods also available.
Which businesses can apply for InvestEU loans
The program is aimed at micro, small and medium-sized enterprises, as well as eligible self-employed professionals and farmers operating in Greece, according to press reports. Applicant businesses must meet the European Union’s criteria for SME status, which require fewer than 250 employees along with specific turnover or asset thresholds. Eligibility for each application is assessed based on the business’s activity and financial data.
What expenses are covered
Financing under the program, as described in press reports, falls into two main categories:
- Investment loans, for purchasing machinery and equipment, modernizing facilities, acquiring software, expanding operations and, under certain conditions, constructing or completing business premises
- Working-capital loans, for purchasing raw materials and goods, payroll, rent and other operating needs
It is noted that this is not a grant but a bank loan, subject to credit assessment and a repayment obligation on the part of the business.
For information and support with the application, applicants can contact +30 211 182 3461 or info@espa.io.