Recovery from Natural Disasters Microloans Fund

From €3,000 to €25,000 

Receive a loan amount from €3,000 to €25,000 to secure special purpose working capital and buy fixed assets. 

The expenditure for fixed assets cannot exceed 40% of the total loan amount.

One-off or in instalments

You may get the loan amount:

• In one go
• In multiple instalments
  

The 1st disbursement must take place within 4 months from signing the loan agreement and before 31.12.2029. All disbursements must be completed within 24 months from signing the loan agreement and before 31.12.2029.

With personal guarantees

You only offer personal guarantees for the total loan amount.

Up to €900 for mentoring

Secure a grant up to €900 per individual tax number for business coaching and mentoring services. The maximum service fee is €100/hour.

Explore our partner ecosystem and find the provider that best meets your needs.

75% interest-free loan

75% of the loan is interest-free, financed by the Recovery from Natural Disasters Microloans Fund of the Hellenic Development Bank.

Floating or fixed for the remaining 25%

For the remaining 25% for the loan you get from Alpha Bank, you can choose:

• Floating rate based on the Euribor 3M + spread
• Fixed rate
  

Law 128/1975 levy

According to Law 128/1975, all loans are subject to a levy that is paid to the Greek State.

For the loan from the Recovery from Natural Disasters Microloans Fund, the levy currently stands at 0.60% and only applies on the interest-bearing portion of the loan.

From 1 to 8 years

Repay the loan in 1 to 8 years, depending on your finances.

You also have the option for an up to 6-month grace period.

With instalments that repay interest and capital 

You can adapt your working capital payments according to your business needs and cash flow with:

• Instalments that repay interest and capital
• Payment every 1, 3 or 6 months
  

You choose whether you want to pay the instalments:

• Automatically with a standing order from your business account
• Online through myAlpha Business Web
• At one of our branches
  

Early loan repayment

You can repay your loan earlier in full or in part, at any time, without any penalties.

For small and micro businesses

Small businesses are those that:

1. Employ < 50 persons 
2. Have an annual turnover or an annual balance sheet total ≤ €10 million
   

Micro businesses are those that:

1. Employ < 10 persons 
2. Have an annual turnover or an annual balance sheet total ≤ €2 million
   

For any legal form

Your business may have any legal form, as long as it was established at least 1 year before the loan application date.

Only for the Thessaly region

Your business must be active in areas affected by the natural disasters in the Thessaly region, meaning the regional units of: 

• Karditsa
• Larisa
• Magnisia 
• Sporades
• Trikala
  

You receive financing irrespective of whether your business suffered damages due to the natural disasters.

For specific expenditures 

You receive financing to secure special purpose working capital and buy fixed investments that:

• Are included in your 2-year business plan.
• Occurred up to 6 months before the application date.
• Are eligible.
  

Find out what expenditures are not eligible.