In the context of TEPIX III, with a budget of 500 million euros, it is expected that loans amounting to 2.2 billion euros will be made available to small and medium enterprises – with leverage through the banking system – on particularly favorable terms, expanding the circle of financed SMEs and their lending perimeter.
It is addressed to: Businesses
Application area: All Greece
Individuals: 29/05/2024 – Until the budget is depleted
The main points of the program are:
The purpose of the “TEPIX III” Program is the subsidy that will be allocated to small and medium-sized enterprises with loans amounting to 2.2 billion euros – with leverage through the banking system – on particularly favorable terms, expanding the circle of financed SMEs and the perimeter their lending.
Within the framework of the Program, all businesses, micro, small and medium enterprises are subsidized.
The TEPIX III Guarantee Fund consists of two separate Funds, the Guarantee Fund and the Loan Fund:
The Guarantee Fund provides credit risk protection in the form of a guarantee for all eligible businesses. It offers a guarantee of 70% to 80% in investment loans (from 10,000 euros to 10 million euros), in working capital loans and revolving credit loans (from 10,000 euros to 500,000 euros). It also offers an interest rate subsidy of two percentage points for two years, to businesses in Attica and the South Aegean, and three percentage points to businesses in the remaining Regions of the country. No real collateral will be required for loans up to 50,000 euros.
The Loan Fund offers loans, with 40% of the amount interest-free, and a 3% interest subsidy on the remaining part (60%) for 2 years. In total, the loans provided through the TEPIX III Loan Fund have a reduced interest rate of up to 70% for the first 2 years. The duration of investment loans is 2 to 12 years, with a grace period of up to 24 months. And for working capital from 2 to 5 years, with a grace period of up to 12 months, during which the company does not repay capital but only interest.
Sub-Fund “General Entrepreneurship”:
• This program aimed at SMEs
• 2% or 3% interest subsidy for the first 2 years on all investments
loans and working capital to businesses which
are funded for the first time by HDB
• Zero guarantee fee
Sub-fund “Entrepreneurship of New Businesses”:
• This program will be addressed to newly established Very Small and
Small businesses that have been operating for less than 5 years.
• First 2 years 2% or 3% interest subsidy on all loans
• Zero guarantee fee
• Additional collateral 0%-30%
The Banks participating in the program are the following:
ALPHA BANK
EUROBANK
PIRAEUS BANK
NATIONAL BANK
PAGRITIA BANK
ATTICA BANK
OPTIMA BANK
COOPERATIVE BANK OF THESSALIA
KARDITSAS COOPERATIVE BANK
COOPERATIVE BANK OF CHANIA
EPIRO COOPERATIVE BANK
AEGEAN BALTIC BANK (only for the Loan Fund)
Submissions start date: 29/05/2024
Deadline for submissions: Until the budget is exhausted
If you are interested in the program, fill out the form on the right with your details and questions and a consultant will contact you, free of charge.
