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Additional funding to PRR Funds

We finance the additional investment necessary for the PRR to implement your company's projects.

  • Maximum term up to 7 years.
  • With the possibility of choosing between fixed and variable interest rates.
  • Grace period of capital up to 3 years (during this period, you only pay interest).

Fund 100% of your project

With Additional funding to PRR funds

  • Complement PRR funds with our funding

    We want your projects to go further.

    If you have submitted your application for PRR funds, but the grant amount is not enough to further your projects, know that you can count on BBVA to finance the additional amount. 

Interest and fees

Personalized proposal on access to Additional Funding to PRR Funds

  • Personalized proposal

    Interest Type

    Before closing on an interest rate for the loan, we discuss the details of your project so that we can present you with a personalized price proposal.

    Fees

    There are 2 types of fees you should know about:

    • Opening fee: pay only once. Up to 3% of the total amount.
    • Early cancellation fee: paid each time you make an extra loan amortization to repay the loan in less time. Up to 5% of the extra payment.

Terms and Conditions

What conditions will you have to meet to access Additional Funding to PRR Funds

  • Access requirements

    You just need to:

    • Be a BBVA customer;
    • Have applied for a PPR grant. The grant does not already need to have been approved, the application just needs to have been submitted.

Do you need more information?

Remember

The conditions for accessing Next Generation EU funds are subject to the legal criteria defined by the European Union and/or the Portuguese Government.

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    PRR funds advance line

    We anticipate the PRR funds that will be allocated to you so your projects don't have to wait.

    • Quick access up to 100% of the awarded grant. 
    • Reduce waiting times and take advantage of potential opportunities.
    • You can request the advance of the amount of the PRR, whether it has already been approved, or is still awaiting a response.

What can BBVA do for you?

  • Calculation of the assistance to be received

    We provide you with complete information about the RRP and help your company to calculate the stimulus it is eligible to receive taking into account the suitability of your projects as regards the strategic axes of the RRP.

  • Collaboration

    Together with your company, we work out the necessary adjustments in your projects and investment in order to maximize the aid available in the Recovery and Resilience Plan 

  • Financial aid

    We sit with your company to study the all available financing to complement the RRP funds in the implementation of your investment projects.

  • Recovery and Resilience Plan (RRP)

    16.6 billion euros to boost Portugal's recovery

    The European Union has decided to strengthen the budget to boost Europe's economic and social recovery and growth. These funds are made available in Portugal via the RRP.

    BBVA helps you to calculate the potential stimulus your company may receive.