The CIFI III Loan Fund is being refinanced with new resources of €90 million, following the strong demand recorded at its launch. The initial funding of €466 million was exhausted in just one month, as investment projects for over 1,000 small and medium-sized enterprises (SMEs) were lent.

Benefits of Financing

Enterprises that join the CDF III Loan Fund programme benefit from interest-free financing at a rate of 40% for the loans, while for the remaining percentage there is an interest rate subsidy that can cover up to half of the interest rate. At the same time, for guarantees, the programme covers 80% of the financing needs.

Who it concerns

Το 81% των δανείων μέχρι στιγμής έχει κατευθυνθεί σε μικρομεσαίες επιχειρήσεις με ετήσιο τζίρο κάτω από €10 εκατ., ενώ όσον αφορά τις εγγυήσεις, το 91,5% έχει δοθεί σε επιχειρήσεις με λιγότερους από 50 εργαζόμενους.

Details of the Loan Fund

The Loan Fund offers particularly favourable financing conditions:

• 40% of the loan is interest-free.
• There is a 3% interest rate subsidy on the remaining amount (60%) for two years.
• The interest rate on the loans is reduced by up to 70% for the first two years.
• The duration of the loans for investment purposes ranges from 2 to 12 years, with a grace period of up to 24 months.
• For working capital, the duration of the loans is from 2 to 5 years, with a grace period of up to 12 months.

Details of the Guarantee Fund

The Guarantee Fund provides credit risk protection through guarantees for eligible companies. More specifically:

• It provides guarantees ranging from 70% to 80% for investment loans from €10,000 to €10 million, as well as working capital and revolving credit loans from €10,000 to €500,000.
• It offers an interest rate subsidy of two percentage points for two years for businesses in Attica and the South Aegean, while the subsidy is increased to three points for businesses from other regions.
• No collateral is required for loans up to €50,000.

The refinancing of the CIFI III Loan Fund with €90 million of new capital enables even more SMEs to benefit from the favourable loans and guarantees on offer. With the interest rates and guarantees offering significant support, businesses gain access to capital that enhances their sustainable growth.

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