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!
