{"id":10296,"date":"2024-05-29T14:56:22","date_gmt":"2024-05-29T11:56:22","guid":{"rendered":"https:\/\/21-27.antagonistikotita.gr\/?p=10296"},"modified":"2026-01-15T16:52:40","modified_gmt":"2026-01-15T13:52:40","slug":"tepix-iii-loan-fund","status":"publish","type":"post","link":"https:\/\/21-27.antagonistikotita.gr\/en\/tepix-iii-loan-fund\/","title":{"rendered":"TEPIX III Loan Fund"},"content":{"rendered":"

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The Fund aims to improve access to finance for all small and medium-sized enterprises (SMEs) and to support and develop their business activity, so as to cover a wide range of their financing needs.\u00a0 Moreover, the programme aims to enhance the productivity of the enterprises, by improving their processes for products & services produced and, by extension, to improve their competitiveness and their position in international markets.<\/p>\n

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Budget: \u20ac500,000,000 (\u20ac400,000,000 co-financed resources)<\/strong><\/p>\n

The Fund’s budget is set at \u20ac500,000,000, following an increase in resources by \u20ac100,000,000.<\/p>\n

Including the participation of Credit Institutions at 60% in each loan issuance, the total loan portfolio amounts to approximately \u20ac1,160,000,000.<\/p>\n

The Action is co-funded by the European Regional Development Fund (ERDF) and national funds and is implemented by the Hellenic Development Bank (HDB).<\/p>\n

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Beneficiaries\u00a0<\/strong><\/p>\n

The Fund concerns eligible small and medium-sized enterprises that are established and operate in Greece.<\/p>\n

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Loan financing scheme\u00a0<\/strong><\/p>\n

The Fund provides 40% of the capital interest rate-free for each loan, while the remaining 60% is charged by the credit institution bearing relevant interest rates, which will be reduced by at least 25 bps (basis points), in accordance with its lending policy. Additionally, the Fund may offer a partial interest subsidy (3%) on the interest rate imposed by the credit institution on its capital for the first 2 years of the loan (starting from the 1st disbursement). Please refer to the relevant table with the maximum interest rates offered per bank.<\/p>\n

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Participation requirements\u00a0<\/strong><\/p>\n

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  1. The financed enterprise shall be fully exempt of interest on the part of the loan that is co-funded by the fund (i.e. 40% of each loan), since this amount is provided by the Fund interest free.<\/li>\n
  2. The Fund may subsidise a part of the interest rate imposed by the credit institution on the capital (that is, 60% of each loan). This subsidy applies for the first 2 years of the loan (from the 1st disbursement) and reduces the credit institution\u2019s interest rate by 3%, which respectively reduces the final interest rate of the loan.<\/li>\n
  3. Each credit institution participating in the Fund is required to reduce the interest rate of each loan by at least 25 basis points (bps) per year compared to the interest rates that would be applied to corresponding financing without the participation of the Fund.<\/li>\n
  4. The maximum amount of real securities that a credit institution may request for each loan cannot exceed 100% of the loan capital.<\/li>\n<\/ol>\n

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    \u00a0Loan Amount<\/strong><\/p>\n

    The amount of the loan can vary as follows:<\/p>\n

    Sub-programme 1 for Investment Loans:<\/strong><\/p>\n