The fourth round of financing for Small and Medium Enterprises under the Loan Fund of the Entrepreneurship Fund TEPIX III has started, 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 (OPSKE), according to Deputy Minister of Economy and Finance, Nikos Papathanasis.

More specifically, according to Nikos Papathanasis, this development will lead to a further increase in the total loan financing budget of the TEKI III Loan Fund, which is set to exceed €1.2 billion.

The Fund offers financing through two sub-programmes:

Sub-programme 1: Investment Loans: from €20k to €8m, with a maturity of 60 to 144 months and a grace period of up to 24 months.

Subprogramme 2: Special Purpose Working Capital Loans: from EUR 10 000 to EUR 500 000, with a maturity of 24 to 60 months and a grace period of up to 12 months.

Subprogramme 2: Special Purpose Working Capital Loans: from EUR 10 000 to EUR 500 000, with a maturity of 24 to 60 months and a grace period of up to 12 months.

The main advantages for businesses, which are tax and insurance compliant and want to finance investment projects or working capital needs, throughout the Greek territory, include:

From 12 months to 12 months, the following:

The main advantages for businesses, which are tax and insurance compliant and want to finance investment projects or working capital needs, throughout the Greek territory, include:

  • Direct financing for 40% of each loan from the Fund’s resources
  • Interest subsidy of up to 3% for the first 2 years
  • Low collateral – maximum amount of collateral up to 100% of the principal
  • Prepayment option
  • Free access to ESG Tracker by HDB platform

Deputy Minister of National Economy and Finance Nikos Papathanasis said: “The full absorption of the resources of the Hellenic Development Bank during the third phase of the Loan Fund’s operation and the launch of the new cycle of applications for financing with affordable loans and favorable terms signals the interest of SMEs in this important tool of the Hellenic Development Bank, as well as the catalytic role of the Hellenic Development Bank in the implementation of the pursued development policy with a social dimension. It is noteworthy that to date, only through TEPIX III, loans exceeding EUR 2.4 billion have been granted. Our will to direct every available euro to the benefit of society and the economy is being put into practice, with the aim of further strengthening investment and entrepreneurship, expanding SMEs’ access to banking institutions, increasing jobs and incomes”.

Hellenic Development Bank CEO Ismeni Papakyrillou said: “The activation of the 4th cycle of the TEPIX III Loan Fund confirms the strong response of the Greek business community to modern financial instruments that meet real needs of SMEs. The successive increase in the programme’s budget reflects the market’s confidence in the Hellenic Development Bank and its essential role as a catalyst for enhancing liquidity and business investment. With a total portfolio of open financial instruments approaching EUR 4.4 billion, we continue to consistently support Greek businesses at every stage of development, enhancing their competitiveness.”