| TEPICH II | |||
| Name of responsible organization: Greek government | |||
| Venture Website: https://tinyurl.com/45h2ckjr | |||
| NATIONAL OR LOCAL | National | ||
| Starting year | 2021 | End year | – |
| TEPICH II aims at promoting entrepreneurship, facilitating access to financing mechanisms for micro, small and medium‑sized enterprises, and strengthening the country’s investment activity. Greek commercial banks can offer loans on favourable terms, given that 40% of the capital of each loan is interest‑free, as it is financed by the TEPICH II. Two categories of loans are being offered: Special purpose (working capital) business development loans of 10k € to 500k € with a repayment term of up to 60 months and a potential grace period of up to 6 months.Investment loans of 25k € to 1.5Mil € with a repayment term of 5 to 10 years and a potential grace period of up to 2 years. |
What kind of activity does this measure finance?
| Creation of new businesses | NO |
| Strengthening of existing businesses | YES |
| Specific investments – specify type (i.e. innovation, research, environmental transition, hiring, internationalization, purchase of goods) | All sectors |
| Training activities | NO |
| Other (specify) | NO |
What type of financing is it?
| Low-interest loan (indicate the repayment time and, if present, the requirement for collateral) | Development loans of 10k € to 500k € with a repayment term of up to 60 months. Investment loans of EUR 25 000 to EUR 1 500 000 with a repayment term of 5 to 10 years. Interest rates: 6,5-9,0% |
| Non-repayable grant (indicate the percentage of non-repayable fund) | NO |
| Tax credit | N/A |
| Other (specify) | N/A |
How does the activation of the measure work?
| One-stop means | No Visit the Bank |
| Call with closing date | No |
Financial entity of the measure (indicate the resources allocated)
| Overall amount | N/A |
| % facilitation for each recipient | Ν/Α |
| Minimum amount that can be financed | N/A |
| Maximum amount that can be financed | Ν/Α |
| Origin of financial resources (European, State, Regional authority, Municipal authority, other) | TEPICH II is financed by the Hellenic Fund for Entrepreneurship & Development S.A. |
Type of funded social structure (indicate if belonging to a specific category is required in order, to access the measure)
| Female | Over 50 | Unemployed (specify any type) | Disadvantaged groups (specify type) | Youth (specify age range) | Other (specify) | |
| Individual | ||||||
| Company |
Does the measure provide for accompaniment and training or only financial support?
| Financial support + accompaniment/training | NO |
| Only Financial support | NO |
Is the measure considered a good practice and as such replicable in other national and / or international contexts?
| YES | Yes, it is a good practice |
How many initiatives have been financed in the last 3 years and for what economic amount?
| Number of initiatives: N/A | Total economic amount: N/A |
