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Short-term borrowing for working capital
For seamless business operation
Discover the features
Depending on your needs
There is no maximum or minimum loan amount. It depends on your business credit rating, transaction cycle and potential forms of collateral.
You get a revolving loan, i.e. any time you repay an amount, your available credit limit increases by the same amount.
For short-term needs
Use it to finance your working capital needs:
- Buy merchandise and raw materials.
- Pay your suppliers.
- Pay other expenses related to your business production and transaction cycle.
Fixed or floating interest rate
We determine the interest rate based on the amount, term and collateral. Choose:
- Fixed or floating rate for the entire loan term.
- Fixed for a specified period. After this time, a floating rate applies.
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 working capital loan, the levy currently stands at 0.60%.
Based on your transaction cycle
You pay interest every 3 or 6 months for the amount of the credit limit you’ve used.
You repay the principal:
- In partial payments.
- With a lump-sum payment, at the end of the loan term.
- Through assigned receivables (i.e. cheques, invoices), meaning, when your customers pay their debts to your business.
You choose if you want to pay both interest and principal:
- Automatically with a standing order from your business account
- Online through business web banking
- At one of our branches
By assigning receivables
Financing can be secured through:
- Post-dated cheques as collateral
- Assignment of invoices
This way, the loan repayment is directly linked to the working capital needs you are seeking to meet.
With or without other collateral
It is possible that we may request personal guarantees and/or additional collateral for the entire loan amount, according to our lending policy.
What you need to receive short-term financing
Apply provided you...
- Have a business operating license in force.
- Are the legal representative of the business.
- Hold a business sight account with Alpha Bank.
- Have booked an appointment at a branch near you.
Have at hand...
- The required supporting documents for working capital
You’ll also need the supporting documents to start banking with us or to update your details, if you:
- Are a freelancer / own a sole proprietorship.
- Own a SA, OE, PC, LTD or ΕΕ.
- Want to update your personal details.
Interested in securing working capital for a large company?
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Any questions?
Find the answers you need about short-term borrowing.
What supporting documents do I need to bring to the branch to verify the details of my business?
For your business financial details
For businesses with class B accounting books:
- Copy of E3 tax form for the last 3 closed financial years. If the most recent year isn’t closed, submit periodic VAT returns instead.
- Periodic VAT returns for the current financial year and the corresponding ones for the previous year.
- Copy of the latest E1 tax form, only for sole proprietorships.
- ENFIA (unified property tax) certificate for legal entities.
For businesses with class C accounting books:
- Balance sheets for the last 3 closed financial years, including income statements, related annex, and company stamp and signatures of representatives.
- Subsidiary ledger trial balance for December of the previous financial year, if not closed, listing stocktaking information, activity for the period, monthly activity and balances.
- Subsidiary ledger trial balance for the current period and the corresponding one for the previous year, listing stocktaking information, activity for the period, monthly activity and balances.
- ENFIA (unified property tax) certificate for legal entities.
For the investor or legal representative
- Copy of valid ID card or passport
- Tax return statement for the last 2 years or copy of the E1 tax form for each partner / main shareholder / guarantor
- ENFIA (unified property tax) certificate for each partner / main shareholder / guarantor
Additional supporting documents
- The tax clearance certificate of your business through gov.gr.
- The insurance clearance certificate of your business through gov.gr.
What documents do I need to apply for working capital?
The documents verifying the details of your business.
We may ask for additional supporting documents, depending on the collateral you offer.
What kind of collateral may be required?
To offer you a business loan, we may ask for collateral.
In the form of a mortgage lien on:
- Commercial property – office, retail store, hotel, warehouse
- Home – house, apartment, housing estate
In the form of pledging:
- Receivables
- Equipment – mechanical or professional equipment, vehicles
- Cash