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<p>The Bank offered them to take an <strong>EaSI loan of up to € 15,000</strong> on very favorable terms as their business is healthy and for two years has satisfactory turnovers.</p>
<p>In fact, the Program from which they will borrow will concern EaSI-Financing of the purchase of fixed assets and specifically, purchase of equipment and construction works in the new area.</p>
<p>In addition, this type of Loan <strong>provided by all Official Institutional Banks</strong>, is provided with a repayment period of 3 months and a maximum duration of 6 years, with the possibility of providing a grace period of up to 6 months.</p>
<p>It has a basic floating interest rate for SME financing, currently 5.85%, plus a margin and a corresponding contribution.</p>
<p>The final interest rate (excluding the contribution) can not exceed 8% and is reduced in relation to a corresponding financing from the Bank's own funds by at least 0.5% due to the guarantee provided by the EIB.</p>
<p>As it is understood, this is a <strong>fairly economical solution</strong> that can be <strong>served</strong> by the Company of 2 Associates without much effort and <strong>avoiding non-conventional financial solutions.</strong></p>
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