At a glance
Financing Program designed to cover the working capital needs of companies with export activity.
Target Businesses
Attica Export is addressed to export companies insured by Export Credit Greece (ECG) or another insurance organization that meet the following conditions:
- They have a turnover of over €2,500,000
- Their export activity is more than 10% of the turnover for the previous two years with the same export object and trading circuit of suppliers – customers
Business Advantages
- Pre-financing of contracts or orders for the preparation of products to be exported
- Competitive terms for business
- Fast track evaluation, approval and disbursement procedures
- Enhancing liquidity and strengthening export orientation
What you need to know
Amount of funding
Up to €1,000,000 revolving financing in two (2) phases:
- in the 1st phase, up to 60% of the amount of the order or contract is pre-financed (minus the advance if the relevant agreement provides for it)
- in the 2nd phase with the issuance of the invoice, up to 90% of the remaining value and up to 100% of the right to insurance compensation are financed
The limit is renewed every 12 months
Approval procedure
Fast track approval procedure based on criteria and with full submission of the required supporting documents
Interest rate
Privileged pricing terms with a competitive interest rate
Loan period
Until the date of payment of the financed invoices, with a maximum duration of 6 months
Repayment
- Capital payment, with payment of invoiced sales abroad
- Interest payment every 3 months, only for the capital that has been used
Collaterals
It is not required to obtain real collateral, except for the assignment of the right from the insurance compensation and (if any) personal guarantees of the entities