The Attica Business Cash Open Account is ideal to ensure the necessary liquidity for the short-term needs of your business as well as for more complex needs such as imports, discounting of invoices, certifications or customer cheques.
At a glance
Interest rate
Variable interest rate, 3M Euribor plus spread from 3.50% to 8% (plus the Law 128/75 Contribution, currently 0.60%).
The interest rate depends on the creditworthiness of the customer).
Duration
Indefinite with annual renewal
Type of financing
Open account with unlimited duration and annual renewal
Financing amount
From €5.000
Collateral
In accordance with the current Credit Regulations (indicatively: real estate mortgages, post-dated customer cheques, pledged invoices, cash cover, etc.).
Eligibility
Quarterly
Loan charges
From € 400 / annual credit limit renewal costs
What are the benefits?
The Attica Business Cash Open Account ensures you the necessary liquidity to cover the short-term needs of your business, while indicatively it can also be used for:
- Financing against imports,
- For the issuance of Letters of Guarantee or the
- For discounting your invoices, certificates or customers cheques
with the possibility of re-granting the repaid capital within the validity period of the limit.