The Business Financing Action of the Entrepreneurship Fund II (TEPIX II) managed by the HELLENIC DEVELOPMENT BANK (former ETEAN) aims to finance small and medium-sized enterprises through the provision of Investment Loans and Working Capital Loans on favorable terms.

Budget of the Action of the CIPA II

915 million euros, by tepix II and the cooperating banks.

Beneficiaries of the Action

Start-ups, start-ups, new and existing SMEs.

TEPIX II - Loans offered

1. Business Loans for the financing of investment projects (investment purpose)Loan amount: 25,000 euros to 1,500,000 euros
   • Eligible costs: Costs of investment projects of undertakings which have not been implemented at the time the loan is approved. Investment projects may be implemented either under a State aid scheme or independently by an approval decision of a banking entity.
   • Repayment period: 5 to 10 years with the possibility of a grace period of up to 24 months.
   • The loan is disbursed in a lump sum or in instalments, within 24 months of the signature of the contract.
2. Special purpose business development loans – Working Capital for the development / expansion of the businessLoan amount: 10,000 euros to 500,000 euros related to turnover, in order to cover development needs.
   • Eligible costs are the costs of creating, establishing or expanding a business, and business needs related to the commercial/transactional circuit of the enterprise such as purchase of raw & auxiliary materials, goods, services and goods, overheads, wage costs, etc.
   • Repayment period: 2 to 5 years, with the possibility of a grace period of up to 6 months.
   • The loan is disbursed in a lump sum or in instalments, within 6 months of signing the contract.

Any enterprise may join, under certain conditions, both types of favourable loans.

Online Submission

The interested parties submit the loan request to the State Aid Information System (PSIC): https://www.ependyseis.gr/mis and then the physical file to one of the cooperating banks.

Partner banks

• NATIONAL BANK OF GREECE
• PIRAEUS BANK
• ALPHA BANK
• EFG EUROBANK
• BANK OF ATTICA
• PANCRETAN COOPERATIVE BANK
• COOPERATIVE BANK OF EPIRUS
• COOPERATIVE BANK OF THESSALY
• COOPERATIVE BANK OF KARDITSA
• COOPERATIVE BANK OF CHANIA
• COOPERATIVE BANK OF DRAMA