{"id":23658,"date":"2023-07-19T09:56:49","date_gmt":"2023-07-19T09:56:49","guid":{"rendered":"https:\/\/espa.io\/piraeus-bank-low-interest-loans-to-smes-through-business-growth-fund\/"},"modified":"2023-07-19T09:56:49","modified_gmt":"2023-07-19T09:56:49","slug":"piraeus-bank-low-interest-loans-to-smes-through-business-growth-fund","status":"publish","type":"post","link":"https:\/\/espa.io\/en\/piraeus-bank-low-interest-loans-to-smes-through-business-growth-fund\/","title":{"rendered":"Piraeus Bank: low-interest loans to SMEs through Business Growth Fund"},"content":{"rendered":"\n
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The long-standing cooperation<\/strong> with the Hellenic Development Bank<\/a> (Hellenic Development Bank<\/strong> ), by participating in the new Portfolio Fund<\/strong> under the name BUSINESS GROWTH FUND<\/a><\/strong> is expanding the Piraeus Bank<\/strong>.<\/p>\n\n

The Portfolio Fund was created<\/strong> by the Hellenic Development Bank<\/strong> and the Greek State<\/strong> with resources from the Public Investment Programme and a loan<\/strong> granted by the European Investment Bank to the Greek State<\/strong>.<\/p>\n\n

Through its cooperation with EAT, Piraeus Bank offers financing<\/strong> with attractive terms including 40% interest-free financing from EAT<\/strong> and a 3% interest rate subsidy<\/strong> for the first two years<\/strong>. They aim<\/strong> to cover with favourable solutions<\/strong>, both operational<\/strong> and investment needs<\/strong> of small and medium-sized enterprises<\/strong>, concerning green investments<\/strong> and the digital transformation<\/a><\/strong> and their transformation.<\/p>\n\n

The new tools<\/strong><\/h2>\n\n

Through the BUSINESS GROWTH FUND<\/strong>, three new financial instruments are created:<\/p>\n\n

I. Liquidity Co-Financing Loans (Liquidity Co-Financing Loans)<\/strong><\/h5>\n\n

This is a financial instrument of co-financed loans<\/strong> for Working Capital, with a duration of 2 to 5 years and a volume of \u20ac10,000 to \u20ac1,500,000<\/strong>. EAT is involved by providing 40% of the funds interest-free<\/strong>. The remaining 60% is financed by the Bank on attractive pricing terms<\/strong>.<\/p>\n\n

In addition, there is the possibility of a partial interest rate subsidy, exclusively for SMEs<\/strong>. Enterprises which have not received a previous business loan<\/strong> from an EAT programme (formerly ETEAN-TEMPME). The subsidy is equal to 300m.b. (3%)<\/strong>, is applied at the interest rate at which the Bank accrues interest on its capital (60% of the loan) and has a duration of 2 years from the 1st disbursement<\/strong>.<\/p>\n\n

This product is intended to:<\/p>\n\n