Financing
COSME

Support line

Alpha Support Line is a current account with overdraft facility for Professionals and Small Businesses aiming at covering short-term working capital needs through balance utilization as per the allocated overdraft limit

Loan tenor 12 muaj
Currency Lek/Euro
Annual Turnover up to 150,000 EUR Financing up to 50,000 Euro
Annual Turnover >150,001-500,000 EUR Financing up to 200,000 Euro

Commercial Mortgage

Alpha Commercial Mortgage is designed to finance Professionals and Small Businesses that wish to invest in fixed assets such as the acquisition, construction or refurbishment of business premises and retail points of sale, that exclusively serve their business activity.

Loan tenor:

  • Up to 10 years for reconstructing business premises.
  • Up to 15 years for purchase or building of commercial premises to exercise own activity.

Grace period

Up to 12 months, only for construction or refurbishment of business premises, during which interest will be paid on a monthly basis

Currency Lek/Euro/USD
Annual Turnover up to 150,000 EUR Financing up to 50,000 Euro
Annual Turnover >150,001-500,000 EUR Financing up to 200,000 Euro

Alpha Equipment

Alpha Equipment is designed to finance Professionals and Small Businesses that wish to upgrade their activity standards by investing in their business’ expansion with additional technological lines and the purchase of new and not second hand business equipment, hardware or software communication, vehicles and tools.

Grace period 

Up to 6 months, only for imported equipment, during which interest will be paid on a monthly basis

Loan tenor 5 vjet
Currency Lek/Euro/USD
Annual Turnover up to 150,000 EUR Financing up to 50,000 Euro
Annual Turnover >150,001-500,000 EUR Financing up to 200,000 Euro

 

The European Investment Fund (EIF) and Alpha Bank Albania have signed a Euro 25 million agreement for the financing of Albanian SMEs, as part of the EU’s COSME Loan Guarantee Facility programme that supports SMEs’ access to financing. 
Under this agreement, Alpha Bank Albania will grant loans to Albanian SMEs with limited available collateral, with the backing of COSME guarantees.

How to profit from the COSME Loan Guarantee Facility programme?

If the client fulfills all the terms to be financed by the Bank but the collateral is not sufficient he can apply for a coverage from the COSME Program.

Collateral:
Anyhow the customer must have a reduced collateral 

Types of financing and duration:

  • Long Term Loans for investment - from 12 months up to 10 years
  • Working Capital: 
    • Revolving Credit Accounts - 12 months with option of renewals up to 5 years
    • Overdraft line - 12 months with option of renewals up to 5 years

Financing amount up to 150.000 Euro. Amount can be up to 3.000.000 Euro if the enterprise does not fulfill any of the criteria of the InnovFin Program.

  • Up to 1.500.000 Euro loan maturity up to 10 years
  • Up to 3.000.000 Euro loan maturity up to 5 years

For enterprises performing road freight transport, maximum amount is:

  • Up to 750.000 Euro loan maturity up to 10 years
  • Up to 1.500.000 Euro loan maturity up to 5 years

Collateral requirements
Reduced collateral will be required for each financing under COSME program

Duration of Guarantee
EIF’s guarantee duration is up to 10 years

Availability period 
The program is available from 01/10/2019 until 30/09/2022.

Eligibility criteria

  • Is an SME;   
  • Is not subject to collective insolvency proceedings nor fulfills the criteria under its domestic law for being placed in collective insolvency proceedings at the request of its creditors;
  •  Does not have a substantial focus on one or more Restricted Sectors (which determination shall be made by the Intermediary in its discretion based, without limitation, on the proportionate importance of such sector on revenues, turnover or client base of the relevant Beneficiary);
  • Is not delinquent or in default in respect of any other loan or lease either granted by the Intermediary or by another financial institution pursuant to checks made in accordance with the Intermediary’s internal guidelines and credit and collection policy;
  • Is not established in a Non-Cooperative Jurisdiction, unless in case of NCJ implementation;  
  • Is established and operating in a Participating Country or in an OCT linked to the Member State, if applicable, in which the Intermediary is established and Is not performing illegal activities according to applicable legislation in the country of the Intermediary established Bank or the Beneficiary (including national, European Union and international legislation, including the Charter of Fundamental Rights of the European Union and the European Convention on Human Rights and its Supplementary Protocols). 
  • Detajet e kontaktit

Fation Kambo                            
Tf: +355  42 278 633
Email: fkambo@alpha.gr 

Anila Noti                            
Tf: +355 42 278 642
Email: notia@alpha.gr 

"The supported financing benefits from the support of the European Union under the Loan Guarantee facility established under the Regulation (EU) No 1287/2013 of the European Parliament and the Council establishing a Programme for the Competitiveness of Enterprises and small and medium enterprises (COSME) (2014-2020) ”