Subprogram 1
Loans to finance investment projects (a) incorporated into a Development Act or other state aid schemes and
(b) which have not been included in State aid schemes and which have not been implemented.
Loan amount: 25,000€ - 1,500.000€.
Duration: 5-10 years with the possibility of a grace period of up to 2 years.
The grace period is included in the maximum duration of 10 years.
Subprogram 2
Business Development Loans (Special Purpose / Working Capital).
Loan amount: 10,000€ - 500,000€ & up to 50% of the business turnover as demonstrated in E3 or the periodic VAT returns of the financial year preceding the application date or up to 50% of the orders of the current year.
Duration: 24 to 60 months with the possibility of a grace period of up to 6 months.
The grace period is included in the maximum duration of 5 years
Eligible are:
- The very small, small and medium-sized businesses that operate legally in Greece
- Businesses that are tax and insurance aware
- Businesses that do not exceed (including Gross Grant Equivalent of the requested financing) the maximum cumulation of State aid under EU Regulation 1407/2013 de minimis (see Annex 3 / de minimis declaration).
The business submits the financing application electronically through the State Aid Information System (SAIS) on the website ependyseis.gr where it is assigned a unique application code and date, which are notified to the Bank.
In addition, presented are:
- The Investment / Business plan of the business Annex I
- the SME statement Annex II
- the De minimis Aid Accumulation Statement Annex III
- File Documents.
For more information about the Action “Entrepreneurship Fund II - Business Financing”, you can contact the Branches of the Cooperative Bank of Karditsa and by phone on +302441040099.
See all program information here.
Subprogram 3
Loans for businesses affected by the measures taken to limit the spread of the coronavirus, with interest rate subsidy.
For existing businesses: Up to 50% of the business turnover, as demonstrated in E3 or the periodic VAT returns of the financial year preceding the application date or up to 50% of the orders of the current year.
For start-ups: Up to 50% of current year orders or 80% of credit purchases.
Duration: 24 to 60 months (lump sum or from the first partial disbursement) with the possibility of a grace period of 6 to 12 months, during which only interest is paid.
If the above amounts are not distinct, the loan can not exceed 100% of equity
