Eligible Businesses                                                                                                     This Action concerns Medium-sized businesses (SMEs) of any legal form (one-man business, G.P., L.P., LTD., S.A.) at any stage of business lifecycle (new, start-ups or existing) that has Tax Clearance and Social Insurance Certificates.

Purpose of loan
Financing business Investment plans:

• that were included to state aid programmes and have not been implemented;
• that were not included to state aid programmes and have not been implemented.

Financing Working capital for a special purpose:

• development (costs of starting / expanding a business etc.) and
• operational needs of the business (purchasing raw materials, goods and services, general and administrative expenses, labour costs etc.)

Loan amount                                                                                                                 The total loan amounts ranging:

• for Investment Plans, from EUR 10 000 to EUR 800 000;
• for Working capital, from EUR 10 000 to EUR 300 000.

Loan duration

• Investment Plans: from 5 to 12 years including a grace period of up to 24 months;
• Working capital: up to 48 months.

Interest rate
Due to co-investment relationship between the banks and the Entrepreneurship Fund (TEPIX), floating or fixed interest rate is applicable to 50% of the loan whereas the other 50% provided by the European Regional Development Fund is FREE of interest.

Details
Flexible payment options by equal or variable instalments; declaration dates and amounts depend on the transaction – production process of the company.

You can find more about the associated and other financing tools here:http://Συνεργαζόμενες Τράπεζες