Full recourse /limited recourse project financing in Piraeus Bank in Ukraine is a type of investment loan. It is a tool for lending projects, where most of the repayment of borrowed funds is provided at the expense of cash flow, which is produced by the project itself.
The essential difference between the project financing and the investment loan is that the basic security (collateral) for the borrower's obligations under the project financing is property (real estate, equipment, etc.) of the project, which nevertheless does not preclude the provision of additional collateral, especially during the first stages of the project . In this case, the share of the project proponent (the borrower) in the project's own resources shall be not less than 30% of its total value.
The advantages of project financing Piraeus Bank in Ukraine: