{"id":8171,"date":"2022-12-06T13:27:08","date_gmt":"2022-12-06T13:27:08","guid":{"rendered":"https:\/\/dev-espa.summerize.io\/new-working-capital-loan-program-with-full-interest-rate-subsidy-from-tepix-ii\/"},"modified":"2023-08-24T10:56:42","modified_gmt":"2023-08-24T10:56:42","slug":"new-working-capital-loan-program-with-full-interest-rate-subsidy-from-tepix-ii","status":"publish","type":"post","link":"https:\/\/espa.io\/en\/new-working-capital-loan-program-with-full-interest-rate-subsidy-from-tepix-ii\/","title":{"rendered":"New working capital loan program with full interest rate subsidy from TEPIX II"},"content":{"rendered":"\n
\"\"\/<\/figure>\n\n

Following the government initiatives and in the context of the planning of the Ministry of Development and Investments for immediate and substantial support and enhancement of the financial liquidity of the businesses<\/strong> affected by the Covid-19 pandemic, the Hellenic Development Bank<\/a> <\/strong>starts to be available from today, Tuesday 28 April 2020, New working capital lending product with full interest rate subsidy<\/strong>.<\/p>\n\n

With extremely short procedures, banks will proceed with the granting of working capital loans<\/strong> to businesses that have been suspended or restricted due to the Covid-19 pandemic and which have one of the eligible SMRs announced by the Ministry of Finance. The interest rate on these loans will be subsidised at 100%<\/strong> for the first two years from the resources of the \n TEPIX II Entrepreneurship Fund<\/a>\n<\/strong>. A basic condition<\/strong> for the interest subsidy must be that jobs are maintained<\/strong> for at least the first two years of the duration of the loan subsidy.<\/p>\n\n

Target of a working capital loan program<\/strong><\/h2>\n\n

The aim of the program is the immediate, long-term and substantial support of the financial liquidity of companies affected by the pandemic. For this purpose, the cooperating banks, which with extremely short procedures will grant, after evaluation, working capital loans<\/strong> to businesses that have suffered suspension or restriction of their operation due to the CoViD-19 pandemic.<\/strong><\/p>\n\n

It is noted that the interest rate on these loans is subsidized by 100% for the first two years<\/strong> from the resources of the Entrepreneurship Fund TEPIX II<\/strong>. The main criterion<\/strong> for receiving the interest subsidy is the preservation of jobs during these two years.<\/strong><\/p>\n\n

Conditions for download and retention<\/strong><\/h2>\n\n