InvestEU – European Investment Fund

Q: 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

Meet your needs in working capital and turn your green and digital upgrade investment plans into reality, guaranteed by the European Investment Fund.

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Up to 80% guarantee

Secure 80% guarantee from the European Investment Fund.

Fixed or floating interest rate

Choose the interest rate you want applied to your loan, without any guarantee commission.

Flexible repayment

Adapt the term and repayment method according to your business cash flow.

The loan is supported by the European Union in the context of the InvestEU Fund, established pursuant to Regulation (EU) 2021/523 of the European Parliament and of the Council of 24 March 2021, and is funded by the European Union – NextGenerationEU, by financially supporting Greece through the InvestEU Member State Compartment for Greece, with funds from the Recovery and Resilience Facility, as part of Greece's National Recovery and Resilience Plan.

Discover the features

Review the features of the loan from InvestEU – European Investment Fund (EIF).

What are the loan amount and collateral

Up to €7.5 million with guarantee by the EIF

We offer financing up to €7.5 million with the following guarantee by the EIF:

80% for working capital and investments for green upgrades through the Sustainability programme.

80% for working capital and investments for digital upgrades and innovation through the Innovation and Digitilisation programme.

50% for working capital through the SME Competitiveness programme.

With or without collateral

For the SME Competitiveness programme no collateral is required. It is possible that we may request personal guarantees, though.

For the Sustainability and Innovation and Digitilisation programmes we may request collateral, according to our lending policy.

What’s the interest rate

Floating or fixed interest rate

Choose whether you want fixed or floating rate based on the 3-month Euribor + spread.

For the final interest rate, we take into account:

Your credit history
Our credit policy
The InvestEU Fund guarantee

The Law 128/1975 levy (currently 0.60%) is added to the final interest rate.

No guarantee commission

You pay no commission for the EIF guarantee, while the loan is considered “state-aid fee”, i.e. it is not included in the aid ceilings.

What are the loan term and repayment method

Repayment in up to 12 years

The loan term depends on the type of financing:

12-72 months for fixed-term working capital loans
36-72 months for revolving working capital facilities
12-132 months for investment loans

Flexible repayment schedule

You can adapt your loan payments according to your business needs and cash flow:

Equal instalments that pay interest and capital
Equal or unequal instalments that pay capital
Payment every 1, 3 or 6 months

Especially for working capital needs, you can choose revolving working capital.

Which businesses are eligible

Company legal form

For the SME Competitiveness programme your business must be small- or medium-sized of any legal status (sole proprietorship, general partnership, limited partnership, limited liability company, private company, SA).

For the Sustainability and Innovation and Digitilisation programmes your business must be:

A small- or medium-sized enterprise of any legal status (sole proprietorship, general partnership, limited partnership, limited liability company, private company, SA).
A small mid-cap, i.e. employ fewer than 500 persons, and not be an SME.

Other eligibility criteria

To be eligible for any of the 3 programmes you need to meet the:

Eligibility criteria
Alpha Bank credit criteria

Apply provided you...

Are among the eligible businesses.

Have booked an appointment at an Alpha Bank branch.

Have at hand...

The supporting documents (pdf only in Greek) to apply.

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 an SA, OE, PC, LTD or EE.
Want to update your personal details.

With personal advisor

Banking advisory services

3 actions

Partnership Agreement 2021-2027

For liquidity or investments

Financing programmes through the EIB

Any questions?

Find the answers you need about InvestEU – European Investment Fund.

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.

Which businesses are considered micro, small or medium-sized?

According to Commission Recommendation 280/1996 and the new Recommendation 361/2003:

Micro businesses are those that:

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

Small businesses are those that:

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

Medium-sized businesses are those that:

Employ < 250 persons
Have an annual turnover ≤ €50 million or an annual balance sheet total ≤ €43 million

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

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