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InvestEU for micro businesses

Meet the cash flow needs of your sole proprietorship or micro business with the guarantee of the European Investment Fund (EIF) through InvestEU Microfinance.

Available until 31.12.2028 or sooner if the funds are used up before that time.
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Upgrade your micro business

With 50% guarantee from the EIF
Secure 50% guarantee from the European Investment Fund (EIF).
Fixed or floating interest rate
Choose the interest rate you want applied to your loan, without any guarantee commission.
Flexible repayment
The term and repayment method can be tailored based on the financing type.
The financing is supported by the European Union in the context of the InvestEU Fund.

Discover the features

Find out more about the loan from InvestEU – European Investment Fund (EIF) for micro businesses.

What are the loan amount and collateral

Up to €50,000, with guarantee from the EIF

We offer financing up to €50,000 and 50% guarantee from the EIF:

  • Credit facility for your working capital needs
  • Loan for your working capital needs
  • Loan for investments

Without collateral

No collateral is needed for the EIF financing for micro businesses. It is possible that we may request personal guarantees, though.

One-off or in instalments

Depending on your transaction cycle and business plan, you may receive the financing:

  • In one go
  • In multiple instalments

Once you sign the agreement, you receive the 1st disbursement (one-off or in instalments) within 1 month and the balance within 3 months, by 31.12.2028 at the latest.

What’s the interest rate

Floating or fixed interest rate

Choose a loan with 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 free”, i.e. it is not included in the aid ceilings.

What are the loan term and repayment method

Up to 4 years for working capital credit facility

The term of the working capital credit facility may be up to 48 months. Over this period:

  • You get a revolving loan, i.e. any time you pay an amount, your available credit limit increases by the same amount.
  • Interest is paid every 3 months.

Up to 6 years for a working capital loan

The term of your loan may be up to 72 months.

You repay it in fixed, interest-bearing instalments every 1 or 3 months.

Up to 10 years for an investment loan

The term of your loan may be up to 120 months. 

You repay it in fixed, interest-bearing instalments every 1, 3 or 6 months.

Early loan repayment

You can repay your loan earlier in full or in part at any time, without any penalties, if you have opted for a floating rate.

If you have opted for a fixed rate, you may pay a penalty (repositioning fee) if the interbank interest rate when you signed the agreement is higher than the respective interest rate on the day prior to early repayment.

Which businesses are eligible

Company legal form

You must have a micro business, meaning:

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

In Greece

Your business must be established or have facilities and legally operate in Greece.

Other eligibility criteria

You must meet the:

  • Alpha Bank credit criteria.

Find out which businesses are not eligible for financing.

How it promotes sustainable development and employment

The EIF financing promotes sustainable development and employment for micro businesses, as it offers:

  • Access to financing at favourable terms
  • Instant liquidity
  • Quick acquisition of a fixed asset

What you need to receive financing

Have a look at the conditions to apply for financing from InvestEU – European Investment Fund for micro businesses.

Apply provided you...

Have at hand...

The supporting documents to apply.

You’ll also need the supporting documents to start banking with us or to update your details, if you:

 

Advisory services

If you want to receive customised advisory services for establishing or growing your business, we put you in touch with the experienced and qualified professionals of our partner ecosystem.
Discover our partner ecosystem

Explore other options

Find other products or services that may interest you.

With personal advisor

Banking advisory services

For green and digital upgrade

European Investment Fund

3 actions

Partnership Agreement 2021-2027

Any questions?

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

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:

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

Small businesses are those that:

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

Medium-sized businesses are those that:

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

Which businesses are not eligible for financing under InvestEU Microfinance?

Financing is not available to businesses engaged in activities involving:

  • Prisons and detention centres of any type
  • Habitat deterioration, conversion or destruction 
  • Conversion of natural forests to plantations
  • Mining
  • Use of animals in experimental or scientific research, or areas that pose a moral dilemma
  • Sex trafficking 
  • Work for political or religious purposes
  • Weapons production
  • Tobacco production, processing and distribution
  • Gambling

Find out more about the eligibility criteria.

I work in the farming sector. Can I receive financing for micro businesses from the EIF?

Yes. As long as your business:

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

Secure your micro business cash flow

Book an appointment and let’s discuss in person, through video call or over the phone, how you can grow your sole proprietorship or micro business.
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