By Vangelis Dourakis

Cheap traffic funds up to 500,000 euros and funding for investment up to € 6 million can claim thousands . Applications are submitted through the KYC – KYC – KNOW Customer platform and OPECA following a specific procedure.

Through this program it is possible to secure funding for which the Hellenic Development Bank’s TEPIC III loan fund pays 40% of the capital, while the remaining 60% is granted through the credit institution with “clipped” interest rates.

Interest rate subsidy and duration of loans

The Fund subsidizes part of the loan interest rate, with the subsidy for the first 2 years (from the 1st disbursement) and limits the 2% interest rate for businesses operating in the Attica & South Aegean regions and 3% for businesses which They are active in the rest of the regions.

The duration of the loan depends on its purpose and is shaped to:

  • 24-144 months for investment, with a grace period of up to 24 months
  • 24-60 months for a special purpose capital, with a grace period of 12 months.

In summary, the main features of the loans to be granted are as follows:

– Investment loans: loans from 20 thousand to 6 million euros, duration of 2 to 12 years, with a grace period of up to 24 months.

– Special purpose capital loans: Loan height of 10 thousand to 500 thousand euros, from 2 to 5 years, with a grace period of up to 12 months.

– Financial Support: 40% of the loan amount is interest -free for the whole loan, while for the remaining 60%, an interest rate subsidy of up to 3% for the first 2 years are provided.

– Grace period: During the grace period, businesses only repay interest, without the need for capital repayment.

What is the process of submitting applications

The loan fund of TEPIX III, following the completion of the signing process of additional operational agreements between the Hellenic Development Bank and the affiliated financial institutions, is now available for applications.

With the activation of the new funding cycle, the candidate business must apply for the fund:

A. On the KYC (KYC (KNOW Customer) platform of the Hellenic Development Bank, via https://kyc.hdb.gr/. For each comprehensive application and after a series of eligibility criteria evaluations, the application is promoted to the credit institutions selected by the person concerned for the submission of non -binding bid. If the application is in principle accepted, that is, the non -binding bid interested, then a unique code is issued.

B. In the Integrated State Aid Information System (OPECA), through the https://app.opske.gr/ website where the only code from the EAT KYC platform for the credit institution is registered.

C. To the credit institution from which he wishes to be funded and has already received a non -binding bid through KYC to evaluate the application and required supporting documents.
In addition, the company completes self -assessment questionnaire on 3 basic criteria: Environmental, Social and Corporate Governance (ESG) on the ESG Tracker by HDB platform via https://esgtracker.hdb.gr/.

Completion of this questionnaire is necessary in order for the bank to be funded.
It is clarified that the results of self -assessment are not a criterion of the business’s eligibility on the program.