More credit for local enterprises

More credit for local enterprises

New loans adding up to 3.3 billion euros will be channeled into the market over the next few months through banks and the support programs of the Hellenic Development Bank.

This primarily concerns the second phase of the Guarantee Fund, through which businesses will receive €2.5 billion regardless of whether they also secured credit during the first phase. Of that amount, €780 million will come from the state.

Another €850 million will be issued through the new phase of Entrepreneurship Fund II, which will exclusively comprise loans to new enterprises that have not received any funding before.

The applications to be satisfied will be those that were submitted at during the first phase but which had not been approved as the resources available had run out. This practically constitutes an extension of the program, with 95% of funds contributed by banks, so as to cover demands for working capital that have remained outstanding.

The maximum amount of credit granted will come to €500,000 and the state support will concern the subsidy of the interest and apply for two years.

Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.