"COSME Loan Guarantee Facility" (LGF)

The Programme fully meets all your investment, development and other everyday business needs.

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Guaranteed by the European Investment Fund
Reduced collateral

Development Programmes
"COSME Loan Guarantee Facility" (LGF)

Boost your business by investing in its growth

Secure the capital you need to develop your enterprise with favourable terms and reduced collateral, due to the guarantee provided by the European Investment Fund.

Alpha Bank, in collaboration with the European Investment Fund, participates in "COSME Loan Guarantee Facility" and provides financing to support Small and Medium-sized enterprises, irrespective of sector and legal form (except for certain exceptions), as long as:

the beneficiary should be established and operate in Greece or in other EU Member State or in other partner countries of COSME
the beneficiary does not belong to any of the ineligible sectors.

We offer financing up to Euro 150,000. Provided that the enterprise does not meet any of the selection criteria of the InnovFin Programme for innovative enterprises, the maximum funding amount can be up to:

Euro 3,000,000 (or Euro 1,500,000 for enterprises performing road freight transport), for loan maturity up to 5 years.
Euro 1,500,000 (or Euro 750,000 for enterprises performing road freight transport), for loan maturity up to 10 years.

COSME Loan Guarantee Facility offers three types of funding, in order to select the one that best suits your business needs:

Long term funding for investment business plans to cover acquisition costs and / or creation of assets.
Medium term funding through working capital to cover business development needs.
Short term funding to finance short term working capital needs associated with the commercial / transactional cycle of business.

The duration of the loan depends on the form of funding you will select:

Investment loan from 12 to 120 months
Working capital for development purposes, from 12 to 72 months
Revolving credit line, 12months rollovers with opportunity of annual renewal up to 5 years.

EIF’s guarantee duration is up to ten (10) years.

The programme is made available by the Bank until 10.5.2022 unless the available budget is reached earlier.

“This financing is made possible thanks to the Guarantee that has been provided by COSME and the European Fund for Strategic Investment (“EFSI”) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.”

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