In continuation of the government initiatives and in the context of the planning of the Ministry of Development and Investments for immediate and substantial support and strengthening of the financial liquidity of businesses affected by the Covid-19 pandemic, the Hellenic Development Bank begins to have from April 28, 2020, the new loan product providing working capital with full interest rate subsidy.
With extremely short procedures, banks will proceed to grant working capital loans to businesses that have been suspended or restricted in their operations due to the Covid-19 pandemic and that have one of the eligible KAD announced by the Ministry of Finance. The interest rate of these loans will be subsidized by 100% for the first two years from the resources of the TEPIX II Entrepreneurship Fund, with the main condition for the interest rate subsidy being the maintenance of jobs at least during the first two years of the loan subsidy period.
Applications for the new loan product, to the Banks, start on April 28, 2020, through the State Aid Information System (www.ependyseis.gr).
For more information about the product, the conditions for obtaining it, as well as the application process, interested companies can visit the website of the Hellenic Development Bank.
Source: Address Epsilon Net Team