November 21, 2024 5 min read
Guarantee Fund – Loans of ECU 500 million euros to small and medium-sized enterprises with an 80% guarantee

Share

The establishment of the Guarantee Fund will proceed within the next period of time in the Ministry of Development and Investment , through which secured investment and working capital loans will be provided to SMEs.

Guarantee Fund - Managed by the European Investment Fund

The fund will be managed by the European Investment Fund (EIF), which is expected to sign the relevant contract with the Ministry of Development in the coming days. Upon signing the agreement, the EIF will proceed with the activation of the selection procedures of the banks that will participate in the Guarantee Fund and from which the loans will be disbursed. It is emphasized that the EIF will act as a guarantor up to 70% – 80% of the loans.

The Guarantee Fund will make available a total of 500 million euros for loans, as leverage is five times the initial capital. In fact, in the event of rapid absorption, it is foreseen that further EUR 100 million euros from the NSRF.

Eligible for a guarantee from the Fund will be new loan contracts in small and medium-sized enterprises, which will meet the ERDF eligibility rules. It is noted that the loans will be able to shall be disbursed once or in stages, the maximum amount of which will be determined by the EIF and the participating banks.

According to the Ministry of Development , due to the fact that the guarantees are provided to banks at zero cost, it will result in banks in turn granting loans with lower interest rates, longer repayment period and reduced collateral.

The existence and operation of the Guarantee Fund will follow similar financial instruments created by the European Investment Fund in other European countries, such as Italy, France, Malta, Romania, Slovakia and so on.

Share on Facebook
Share on Twitter
Tags: - All Activities ,- All of Greece ,Accounting Services ,Agricultural sector ,Agrotourism ,Aquaculture ,Attica ,Boat rental companies ,Businesses ,Cafe-bars / Cafeterias / Traditional Cafes ,Camping ,Central Greece ,Central Macedonia ,Consulting services ,Crete ,Cultural & Creative Industry ,Eastern Macedonia and Thrace ,Education ,Energy ,Engineering services ,Environment ,Epirus ,Event catering services ,Existing Businesses ,Fishery ,Food industry - Distillery ,Forestry/forestry ,Georgia ,Health, Medicines & Social Care ,Hospitality ,Hotels ,informatics ,Information & Communication Technologies (ICT) ,Ionian Islands ,Land / Water / Air transport ,Legal Services ,Livestock farming ,Loan ,Manufacturing ,Materials / Constructions ,Medium ,Mines-Metals-Latodes-Mining ,News Farmers ,North Aegean ,Other financing ,Other manufacturing ,Peloponnese ,Processing of Agricultural Products ,Restaurants ,Retail trade ,Rooms/Apartments to Let ,Services ,Small ,Southern Aegean Sea ,Sports services ,Supply Chain (Transportation & Storage) ,Telecommunications ,Thessaly ,Tourism ,Tourist Furnished Residences ,Trade ,Travel Agencies ,Vehicle rental companies ,Warehousing & transportation support services ,Watersports ,West Greece ,Western Macedonia ,Wholesale trade ,Πολύ μικρές Small and medium-sized enterprises,Support for Businesses
Related

Subscribe to the Newsletter

You can be the first to be informed about new programmes and new announcements

Κάντε εγγραφή στο
Newsletter

Μπορείτε να ενημερώνεστε πρώτοι για νέα προγράμματα και νέες ανακοινώσεις

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot

situs toto slot