See the key features of the four actions of the Entrepreneurship Fund III (TEPIX III) that seek to improve the competitiveness of enterprises by allowing them access direct financing at every stage of their growth.
- Loans Fund: This Fund offers financing with low collateral and loans on favourable terms, allowing micro, small and medium-sized enterprises, both newly established and existing, to implement their plans. The loan includes interest-free financing of 40% and a partial subsidy of 3% on the remaining 60%, with loan amounts ranging from €10,000 to €8 million.
- Guarantee Fund: This Fund provides guarantees for access to financing without any commission, covering working capital and investment needs. It is aimed at micro, small and medium-sized enterprises, start-ups or existing enterprises within their first 5 years in operation, with loans ranging from €10,000 to €10 million.
- Microcredit Fund: With loans ranging from €3,000 to €25,000, this Fund offers financing without real collateral, providing immediate liquidity to micro entities and natural persons engaged in business activity within the first year from their establishment. The Fund pays 60% (for General Entrepreneurship) or 75% (for Women’s Entrepreneurship) of the capital interest-free for each loan, while the remaining 40% or 25% respectively is granted via the Microfinance Foundation.
- Microloans Fund: This Fund provides financing without real collateral to support micro, small businesses and professionals affected by natural disasters in the Thessaly Region, with working capital loans and the option to cover investment costs for the purchase of assets up to 40% of the loan; loan amounts range from €3,000 to €25,000.
