Significant increase in the total budget, expected to exceed 1.2 billion euros
The Press Office of the Ministry of National Economy and Finance issued the following announcement:
The fourth round of financing for SMEs under the Entrepreneurship Fund Loan Fund – TEPIX III has begun, with the activation of the possibility of submitting applications through the Know Your Customer platform of the Hellenic Development Bank and the Integrated State Aid Information System (IPSKE). This development implies a further increase in the total loan budget for the TEPIX III Loan Fund, which is expected to exceed 1.2 billion euros.
The Fund offers financing through two Sub-Programs:
Sub-program 1 – Investment Loans: from €20.000 to €8.000.000, with a duration of 60 to 144 months and a grace period of up to 24 months.
Sub-program 2 – Special Purpose Working Capital Loans: from €10.000 to €500.000, with a duration of 24 to 60 months and a grace period of up to 12 months.
The main advantages for businesses that are tax and insurance aware and wish to finance investment projects or working capital needs, throughout the Greek territory, include:
• Interest-free financing for 40% of each loan from Fund resources
• Interest rate subsidy of up to 3% for the first 2 years
• Low collateral – maximum collateral amount up to 100% of the principal
• Possibility of early repayment
• Free access to the ESG Tracker by HDB platform
The Alternate Minister of National Economy and Finance, Nikos Papathanasis, underlined: "The full absorption of the resources of the SME Fund III during the third phase of operation of the Loan Fund and the start of the new cycle of submitting applications for financing with affordable loans and favorable terms signals the interest of SMEs in this important tool of the Hellenic Development Bank, but also the catalytic role of the EDB in the implementation of the development policy followed with a social dimension. It is characteristic that to date, through the SME Fund III alone, loans exceeding 2,4 billion euros have been granted. Our will for every available euro to be directed to the benefit of society and the economy is being put into practice, with the aim of further strengthening investments and entrepreneurship, expanding access of SMEs to banking institutions, and increasing jobs and incomes."
The Managing Director of the Hellenic Development Bank, Ismini Papakyrillou, stated: “The activation of the 4th cycle of the TEPIX III Loan Fund confirms the strong response of the Greek business community to modern financial tools that cover the real needs of small and medium-sized enterprises. The successive increase in the program’s budget reflects the market’s trust in the Hellenic Development Bank and its essential role as a catalyst for strengthening the liquidity and investments of businesses. With a total portfolio of open financial instruments approaching 4,4 billion euros, we continue to consistently support Greek businesses at every stage of development, strengthening their competitiveness.”
For more information and to submit applications, interested businesses can visit the Hellenic Development Bank's KYC ("Know Your Customer") platform at www.hdb.gr.
FROM THE PRESS OFFICE
The Press Office of the Ministry of National Economy and Finance issued the following announcement:
The fourth round of financing for SMEs under the Entrepreneurship Fund Loan Fund – TEPIX III has begun, with the activation of the possibility of submitting applications through the Know Your Customer platform of the Hellenic Development Bank and the Integrated State Aid Information System (IPSKE). This development implies a further increase in the total loan budget for the TEPIX III Loan Fund, which is expected to exceed 1.2 billion euros.
The Fund offers financing through two Sub-Programs:
Sub-program 1 – Investment Loans: from €20.000 to €8.000.000, with a duration of 60 to 144 months and a grace period of up to 24 months.
Sub-program 2 – Special Purpose Working Capital Loans: from €10.000 to €500.000, with a duration of 24 to 60 months and a grace period of up to 12 months.
The main advantages for businesses that are tax and insurance aware and wish to finance investment projects or working capital needs, throughout the Greek territory, include:
• Interest-free financing for 40% of each loan from Fund resources
• Interest rate subsidy of up to 3% for the first 2 years
• Low collateral – maximum collateral amount up to 100% of the principal
• Possibility of early repayment
• Free access to the ESG Tracker by HDB platform
The Alternate Minister of National Economy and Finance, Nikos Papathanasis, underlined: "The full absorption of the resources of the SME Fund III during the third phase of operation of the Loan Fund and the start of the new cycle of submitting applications for financing with affordable loans and favorable terms signals the interest of SMEs in this important tool of the Hellenic Development Bank, but also the catalytic role of the EDB in the implementation of the development policy followed with a social dimension. It is characteristic that to date, through the SME Fund III alone, loans exceeding 2,4 billion euros have been granted. Our will for every available euro to be directed to the benefit of society and the economy is being put into practice, with the aim of further strengthening investments and entrepreneurship, expanding access of SMEs to banking institutions, and increasing jobs and incomes."
The Managing Director of the Hellenic Development Bank, Ismini Papakyrillou, stated: “The activation of the 4th cycle of the TEPIX III Loan Fund confirms the strong response of the Greek business community to modern financial tools that cover the real needs of small and medium-sized enterprises. The successive increase in the program’s budget reflects the market’s trust in the Hellenic Development Bank and its essential role as a catalyst for strengthening the liquidity and investments of businesses. With a total portfolio of open financial instruments approaching 4,4 billion euros, we continue to consistently support Greek businesses at every stage of development, strengthening their competitiveness.”
For more information and to submit applications, interested businesses can visit the Hellenic Development Bank's KYC ("Know Your Customer") platform at www.hdb.gr.
FROM THE PRESS OFFICE
