The Deputy Minister of Nationwide Economic system and Finance, Nikos Papathanasis introduced the launch of the brand new Entrepreneurship Fund, TEPIX III.
In a press convention held on the places of work of the Hellenic Improvement Financial institution (EDB). It was preceded by the signing of the 12 operational agreements between the EAT and the cooperating business banks.
Based on the newsit, throughout the framework of TEPIX III, with a finances of 500 million euros, it’s anticipated that loans of two.2 billion euros will likely be made accessible to small and medium enterprises – with leverage by way of the banking system – on significantly favorable phrases, increasing the circle of financed SMEs and their lending perimeter. It’s the first time that the mix of the mortgage assure with the rate of interest subsidy is offered.
Particularly:
- The TEPIX III Assure Fund, financed by the NSRF 2021-2027, consists of two separate Funds: the Assure Fund and the Mortgage Fund.
- The Assure Fund offers credit score threat safety within the type of a assure for all eligible companies. It affords a assure of 70% to 80% in funding loans (from 10,000 euros to 10 million euros), in working capital loans and revolving credit score loans (from 10,000 euros to 500,000 euros). It additionally affords an rate of interest subsidy of two share factors for 2 years, to companies in Attica and the South Aegean, and three share factors to companies within the remaining Areas of the nation. No actual collateral will likely be required for loans as much as 50,000 euros.
- The Mortgage Fund affords loans, with 40% of the quantity interest-free, and a 3% curiosity subsidy on the remaining half (60%) for two years. In whole, the loans offered by way of the TEPIX III Mortgage Fund have a decreased rate of interest of as much as 70% for the primary 2 years. The period of funding loans is 2 to 12 years, with a grace interval of as much as 24 months. And for working capital from 2 to five years, with a grace interval of as much as 12 months, throughout which the corporate doesn’t repay capital however solely curiosity.
Learn additionally:
Achaia: “Pink” alert for the passage of Fiorentina followers, the “key” factors
Barrage of messages regarding bombs in colleges in Attica, what the e-mails say
A “mammoth” cannabis plantation, Pyrgos Narcotics Prosecution uncovered PHOTO
Accuracy: No extra “everlasting value discount” tabs in supermarkets
The place will you see the massive ultimate between Olympiacos and Fiorentina?
#billion #euros #Entrepreneurship #Fund #disposal #small #mediumsized #enterprises
