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Digital banking

Short-term borrowing for working capital

Meet your short-term needs in working capital and secure liquidity for your business. 
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For seamless business operation

For your day-to-day needs
Meet the short-term production and transaction needs of your business.
Flexible repayment
The repayment term and method are shaped around your transaction cycle.
By assigning receivables
Secure the financing through post-dated cheques, assignment of invoices or other collateral.

Discover the features

Find out the features of securing short-term borrowing for working capital.

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: 

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

Have a look at the conditions for securing short-term borrowing for working capital.

Apply provided you...

  • Have a business operating license in force.

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: 

Interested in securing working capital for a large company?

Contact your Business Relationship Manager to find out more and together choose the solution that matches your needs.

New to Alpha Bank?

Find out how to start banking with us based on the legal form of your business.

For freelancers

Open a business account and get business digital banking credentials, provided you already have personal ones.
Open an account

For registered companies with 1 representative

Open a business account and get business digital banking credentials, provided you already have personal ones.
Open an account

For businesses with 2+ legal representatives

Schedule an appointment at a branch to start banking with us and sign up to business digital banking.
Book an appointment

No digital banking?

Get business credentials

For freelancers or companies with 1 representative

Get business credentials, provided you already have personal ones or hold an active Alpha Bank card.

Sign up to business digital banking Sign up to business digital banking

Get personal credentials

If you haven’t already signed up

Get personal digital banking credentials in a flash through your mobile or computer.

Sign up to personal digital banking Sign up to personal digital banking

Explore other options

Find other products or services that may interest you.

For medium-to-long-term needs

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Business insurance to cover everything

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:

  1. 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. 
  2. Periodic VAT returns for the current financial year and the corresponding ones for the previous year.
  3. Copy of the latest E1 tax form, only for sole proprietorships.
  4. ENFIA (unified property tax) certificate for legal entities.

For businesses with class C accounting books:

  1. Balance sheets for the last 3 closed financial years, including income statements, related annex, and company stamp and signatures of representatives.
  2. 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. 
  3. 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.
  4. ENFIA (unified property tax) certificate for legal entities.

For the investor or legal representative

  1. Copy of valid ID card or passport
  2. Tax return statement for the last 2 years or copy of the E1 tax form for each partner / main shareholder / guarantor
  3. ENFIA (unified property tax) certificate for each partner / main shareholder / guarantor

Additional supporting documents

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
View all the FAQs

Get short-term borrowing for working capital

Book an appointment today to visit a branch near you and meet the production and transaction needs of your business. Alternatively, contact your Business Relationship Manager directly.
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