Reinforcing Med Microfinance Network System for Start-ups

Greece National Mesures – TEPICH II

Name of responsible organization: Greek government
Venture Website:  
Starting year 2021End 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 businessesNO
Strengthening of existing businessesYES
Specific investments – specify type (i.e. innovation, research, environmental transition, hiring, internationalization, purchase of goods)All sectors
Training activitiesNO
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 creditN/A
Other (specify)N/A

How does the activation of the measure work?

One-stop means No Visit the Bank 
Call with closing dateNo

Financial entity of the measure (indicate the resources allocated)

Overall amountN/A
% facilitation for each recipientΝ/Α
Minimum amount that can be financedN/A
Maximum amount that can be financedΝ/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)

FemaleOver 50Unemployed (specify any type)Disadvantaged groups (specify type)Youth (specify age range)Other (specify)
Eligible enterprises are micro, small and medium‑sized enterprises in the eligible economic sectors that are in the process of being established, newly established or already existing, and that are developing sustainable business activity in Greece.

Does the measure provide for accompaniment and training or only financial support?

Financial support + accompaniment/trainingNO
Only Financial supportNO

Is the measure considered a good practice and as such replicable in other national and / or international contexts?

YESYes, 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/ATotal economic amount: N/A
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