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Business Amortized Working Capital

Cover your business’ operational or extraordinary needs and increase your cash flow as need be.

What Business Amortized Working Capital is

A flexible working capital product that offers the possibility to pay interest biannually and repay capital in consignments, agreed in advance based on your potential.

Main features

  • Lump sum and repayment can be

    • partially amortized with duration and frequency of installments set according to your financial circumstances
    • fully amortized

  • The loan amount is determined according to the business financial data, its financing needs and the collateral offered

  • Six-monthly interest payment and principal repayment in consignments agreed in advance

  • Floating interest rate, according to standard rates for consumer loans, determined according to the borrower’s credit rating and submitted guarantees

  • Option for early repayment at no additional cost

Benefits

  • Helps business arrange better installments

  • Ideal for seasonal businesses, whose cash flow is limited to certain periods

Required Documents

In order to make a loan request at the Cooperative Bank of Chania, you will need the following documents:

  • ID or Passport

  • Recent income tax statement

  • A bill from a Public Utility Organization or any other document certifying your address

  • A current phone bill confirming your phone number.

     

Where applicable, you may be asked to provide further and/or different documents. Please visit or contact any Βranch of the Cooperative Bank of Chania.

Enjoy flexibility & security for your business!

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