National Bank of Greece offers support and guidance through TEPIX III Guarantee Fund

National Bank of Greece (NBG) is collaborating with the Hellenic Development Bank to support Greek small and medium-sized enterprises (SMEs) through the TEPIX III Guarantee Fund. This initiative provides advantageous guaranteed financing aimed at enhancing business liquidity and facilitating investment projects.

The TEPIX III Guarantee Fund operates through two distinct sub-funds. The "General Entrepreneurship" sub-fund supports SMEs, offering loans guaranteed at 70% by the fund. The "Startup Entrepreneurship" sub-fund targets very small and small enterprises with less than five years of operation, providing loans with an 80% guarantee.

Through these programs, businesses can access special-purpose working capital ranging from €10,000 to €500,000, with terms of two to five years. Additionally, financing of up to €10 million is available for investment plans, with repayment periods extending from five to twelve years. A significant benefit is that these financings are provided without collateral requirements, easing access for smaller businesses.

Further advantages include low interest rates, facilitated by the Hellenic Development Bank's guarantee, which can cover up to 80% of the financing. Businesses also benefit from a subsidized interest rate of up to 3% for the first two years of the loan. NBG offers comprehensive support, including advisory services and guidance throughout the application process, helping businesses select the appropriate financing and manage their applications effectively. Interested parties can visit NBG branches or use the online service "Design My Financing."