Piraeus Bank continues to support Greek very small, small and medium sized enterprises granting low interest-rate, long-term loans in the framework of the Action "Innovative Entrepreneurship, Logistics, Food, Drinks" and in collaboration with the Hellenic Fund for Entrepreneurship managed by Hellenic Fund for Entrepreneurship and Development S.A. (ΕΤΕΑΝ) S.A. The purpose of the programme is to finance enterprises for the purpose of implementing their investment plans.
The Action is intended for enterprises whose business plans promote innovation and/or competitiveness improvement in products and services that have an competitive edge. Specifically, eligible for the Action will be business plans of businesses in the supply chain, secondary processing of foodstuff (mainly organic), products with protected name of origin and typically local products, and innovative business plans of cutting-edge businesses in the primary and secondary sectors.
The total available funds amount to €150 million and come from the joint investment of the Entrepreneurship Fund (€50 million) and Piraeus Bank (€100 million).
The financing is available at very favourable terms and fixed interest rate -throughout the loan term- 4.53% (plus contribution under Law 128/75 on the loan part financed by the Bank). This low interest-rate lending for enterprises is a result of the joint investment: at a privileged rate by Piraeus Bank and at zero rate by Entrepreneurship Fund.
Information and detailed data about the programme are available at Piraeus Bank branches or dial 18 2 18.
"Part of the financing is derived from the European Regional Development Fund (ERDF) and Greek state".