A new funding round for small and medium-sized enterprises (SMEs) has been launched under the TEPIX III Loan Fund, offering access to financing with favorable terms and significant incentives.
The program is one of the main tools supporting business liquidity and investment in Greece, with the total budget expected to exceed €1.2 billion.
📌What is TEPIX III?
TEPIX III is implemented by the Hellenic Development Bank and aims to facilitate access to financing for SMEs across Greece.
Applications are submitted through the Know Your Customer (KYC) platform and the Integrated State Aid Information System.
💰Available financing options
The program includes two main financing schemes:
1. Investment Loans
- Amounts: from €20,000 up to €8,000,000
- Duration: 5 to 12 years
- Grace period: up to 24 months
2. Working Capital Loans
- Amounts: from €10,000 up to €500,000
- Duration: 2 to 5 years
- Grace period: up to 12 months
⭐Key benefits for businesses
The program offers several advantages:
✔ Up to 40% interest-free financing ✔ Interest rate subsidy of up to 3% for the first two years ✔ Reduced collateral requirements ✔ Option for early repayment without penalties ✔ Access to ESG evaluation tools
⚠️ What businesses should pay attention to?
Although the program is particularly attractive, there are important points to consider:
1. Complete and accurate documentation
Applications must be fully documented. Missing or incorrect information may delay or jeopardize approval.
2. Tax and social security compliance
Businesses must be fully compliant with tax and social security obligations to be eligible.
3. Realistic business planning
For investment loans, a solid and well-structured business plan is essential.
4. Choosing the right financing type
Businesses should carefully assess whether they need investment financing or working capital support.
5. Understanding the financing terms
It is important to have a clear understanding of:
- interest rates
- grace periods
- repayment obligations
📊Implications for businesses
The expansion of the program and the launch of a new funding round reflect strong demand from SMEs for accessible financing tools.
The initiative supports:
- improved liquidity
- business investments
- broader access to bank financing
🤝How we can support you?
At AFS, we support businesses at every stage of their development by providing advisory services for the proper preparation and utilization of funding opportunities.
If you are considering applying for financing, our team can guide you to ensure a structured and effective approach.
