The Action, coordinated by the Hellenic Fund for Entrepreneurship and Development (ETEAN S.A.), aims at assisting businesses in carrying out their investment plans and at providing financing, in the form of new working capital loans, for new and existing SMEs.
Purpose
- Financing of business investment plans, whether included or not in state aid programmes (under Law 3299/2004 et al), which have not been implemented as at the date the application is filed.
- Granting of special purpose working capital loans, to meet costs relating to the firm’s growth, as set out in the business plan submitted along with the application for financing.
Loan amount per firm
- For investment plans: € 10,000 to € 800,000
- For working capital loans: € 10,000 to € 300,000
Loan term
- For investment plans: 5 to 12 years, including a grace period of 6 months to 2 years
- For working capital loans: up to 48 months.
