In the context of the Eurobank Loan for SMEs & MidCaps I, II and III agreements with the EIB, we support the initiatives of Greek businesses that aim at boosting productivity, innovation and outreach, as well as businesses that promote youth employment.
Programmes for businesses
These programmes are addressed to:
- Small- and medium-size enterprises with a number of employees (corresponding to the number of Annual Working Units) < 250 (on a consolidated basis).
- MidCap enterprises with a number of employees (corresponding to the number of Annual Working Units) between 250 and 3,000 (on a consolidated basis).
Programme features
Financing amount
Up to €12.5 million (for investment/business plans with a total budget up to €25 million).
Financing term
2-12 years.
Financing interest rate
Favourable pricing terms, due to the partnership with the EIB.
Additional financing benefits
Businesses that meet the inclusion criteria for the EIB “Skills and Jobs -Investing for Youth” initiative and promote youth employment are offered additional financing benefits.
Excluded enterprises, activities and expenditures
- Manufacturing and marketing of munitions of any type (weapons, ammunition, military equipment)
- Manufacturing and facilitation of the use of gambling machines and relevant equipment.
- Production, processing, marketing, distribution and facilitation of use of tobacco and tobacco products.
- Activities with environmental impacts that cannot be mitigated or offset.
- Purely building construction activities and real-estate development.
- Morally controversial activities, such as animal experiments, human cloning etc.
- Purely financial transactions.
- Financing of goodwill arising from purchase or merger.
- Financing for the purchase of intangible assets that could lead to strong market share or authorisation/rights to exploit mineral resources.
- Other activities excluded according to EIB criteria.
Eligible expenditures
Financing of working capital
Financing needs that arise from business operation.
Financing of investment plans
Equipment renewal, investments in business premises (purchase subject to conditions, construction, completion), establishment of distribution networks (even in another EU member state), research and development expenses, company transfer (subject to conditions), acquisition of licenses/patents (provided they are necessary for the technical implementation of the investment), and financial costs arising during asset construction.
Find out more about the financing programmes
To get more information about the specific conditions for being included in a financing programme in partnership with the EIB, contact the dedicates Business Unit associate who works with you or your Business Advisor.
The EIB, the lending arm of the European Union, in partnership with national credit institutions, participates in the financing of SMEs and MidCap enterprises for the implementation of investment projects that contribute to achieving EU objectives and supports youth employment through the “Skills and Jobs – Investing for Youth” initiative.
Financing under these programmes is made possible with the support of the EIB.