ESIF EAFRD Greece Rural Sector Business Finance

Implement your investment projects in the agricultural and agro-industrial sector, with the guarantee of the European Investment Fund.

Τhe product at a glance

Purpose of funding

You can receive funding for implementing your business investment projects up to a maximum of 75% of the investment budget. You can also receive accompanying working capital for costs directly linked to the implementation of the investment project.

Reduced interest rate

You can have a reduced interest rate compared to the corresponding loans of the National Bank of Greece thanks to the 80% guarantee of the European Investment Fund (EIF). 

Possibility of combination with a grant

The EIF guarantee is a type of support, and the ESIF EAFRD loan will generate a Gross Grant Equivalent (GGE). In the case of an investment project included in a grant scheme, the equity loan is for the financing of part of the private participation provided for in the financing scheme of the investment.

Duration of financing

The EIF guarantee is a type of support, and the ESIF EAFRD loan will generate a Gross Grant Equivalent (GGE). In the case of an investment project included in a grant scheme, the equity loan is for the financing of part of the private participation provided for in the financing scheme of the investment.

Maximum loan amount

You can receive from €10,000 to €5,000,000 in an asset loan and from €10,000 to €200,000 or 30% of the total investment cost, whichever is greater, in accompanying working capital.

Deadlines for implementation

Disbursements shall be made in a single installment or installments, on presentation of documents eligible for financing, and no later than 31 December 2023.
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Detailed information

You can grow your business by applying for:
- Fixed asset loans from €10.000 to €5.000.000
- Working capital loans: from €10.000 an amount of up to €200,000 or 30% of the total investment cost, whichever is higher
 
The usual collateral can be obtained.
- for fixed asset loans €350 once
- if you are financed through the Program and with a working capital loan, you get a 50% discount.
Specifically, for loans of working capital: €175 once
 

The European Investment Fund guarantee is a type of support provided under the Rural Development Programme.

The loan generates a Gross Grant Equivalent and may be combined with a grant, in case of implementation of an investment project included in a program with a grant, provided that the total support rate, calculated as the sum of the GER and the grant to the total project budget, does not exceed the respective support rate set out in Annex II of Regulation (EU) No 1305/2013. The reduction shall be verified and carried out by the grant provider.

Which actions can I join if I meet the conditions?

  1. In action 4.1.4 "Implementation of investments contributing to the competitiveness of the farm," which includes investment projects of farmers who have been included in measures of the 2014-2020 RDP (e.g., Improvement Plans) or are implementing related investments.
  2. In action 4.2.4 "Processing, marketing and development with the end product (agricultural product)," which includes investment projects of enterprises that have been included in initiatives of the RDP 2014-2020 (e.g., Processing of Agricultural Products) or implement related investments.
    The two above actions are included respectively in sub-measures 4.1 "Support for investments in agricultural holdings" and 4.2 "Support for investments in the processing/trading and/or development of agricultural products" of measure 4 "Investments in physical assets of the Rural Development Programme 2014-2020" of the Rural Development Programme 2014-2020.
     
     

Loan in 4 steps

Step 1: Submit your application

Type www.ependyseis.gr to submit your State Aid Information System application.

Step 2: Visit the shop
After the final submission of your application to the SAIS, you will need to visit one of our branches to get information, provide us with the necessary documents and submit your application to the bank.
Step 3: We assess your application
After studying your documents, we will check the rationale of the investment cost and the creditworthiness of your business. 
Step 4: We disburse your loan
If your application is approved, you will need to visit your partner branch to sign the loan agreement. After you sign the contract, we will make the disbursement upon presentation of the necessary expense vouchers.

The EIF guarantee is a type of support, and the loan will generate Gross Grant Equivalent (GGE). The financing contract benefits from the guarantee provided by the Rural Development Guarantee Fund, which is financed by funds provided by the Greek State, the European Agricultural Fund for Rural Development, and the European Fund for Strategic Investments (EFSI). The Rural Development Guarantee Fund aims to facilitate the access of farmers, livestock farmers, and manufacturing enterprises to financing on favorable terms to develop their farms or businesses while contributing to the economic development of Greece through the creation of new jobs and the development of the Greek rural areas.

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