The Entrepreneurship Fund III (TEPIX III) is reinforced with additional resources derived from the reuse of funds from the Financial Instruments of the NSRF Programming Period 2014-2020.
Overall, by leveraging these resources through the collaborating credit institutions, it is estimated that new loans totaling over 330 million euros will be financed to small and medium-sized enterprises (SMEs) throughout the country, strengthening the real economy with additional liquidity.
The Entrepreneurship Fund III (TEPIX III) is reinforced with additional resources derived from the reuse of funds from the Financial Instruments of the NSRF Programming Period 2014-2020.
Overall, by leveraging these resources through the collaborating credit institutions, it is estimated that new loans totaling over 330 million euros will be financed to small and medium-sized enterprises (SMEs) throughout the country, strengthening the real economy with additional liquidity.
To date, more than 11,425 loans have been granted through TEPIX III, totaling over €3 billion. 90% of the benefiting businesses employ fewer than 50 employees and 90% have a turnover of less than €10 million.
The TEPIX III Loan Fund offers:
— Investment Loans from 20,000 euros to 8,000,000 euros, with a duration of 60-144 months, with a grace period of up to 24 months.
— Special Purpose Working Capital Loans from 10,000 euros to 500,000 euros, with a duration of 24-60 months, with a grace period of up to 12 months.
40% of each loan is granted interest-free from EBA resources, with an additional interest rate subsidy on the remaining portion for the first two years.
At the same time, through the TEPIX III Guarantee Fund, a guarantee of up to 80% is provided on investment loans of up to 10 million euros and working capital or revolving credit of up to 500,000 euros, which facilitates access to financing with reduced collateral.
Both Funds also offer an interest rate subsidy of up to 3% for the first 2 years.
Applications are submitted through the KYC (Know Your Customer) platform of the EAT (kyc.hdb.gr) and the OPSKE.
See the relevant Press Release
Source: 21-27.antagonistikotita.gr