Greece’s Ministry of National Economy and Finance opens fourth TEPIX III SME loan round as budget expected to exceed EUR 1.2bn

Greece’s Ministry of National Economy and Finance announced the start of the fourth funding cycle for small and medium-sized enterprises under the TEPIX III Loan Fund, with applications enabled through the Hellenic Development Bank’s Know Your Customer platform and the Integrated Information System of State Aid (OPSKE). The new cycle is expected to further increase the programme’s overall loan budget to more than EUR 1.2bn. Funding is offered through two subprogrammes: investment-purpose loans of EUR 20,000 to EUR 8,000,000 with maturities of 60 to 144 months and a grace period of up to 24 months, and special-purpose working capital loans of EUR 10,000 to EUR 500,000 with maturities of 24 to 60 months and a grace period of up to 12 months. Eligible firms must be tax and social security compliant and can apply nationwide; key terms include interest-free funding for 40% of each loan from fund resources, an interest-rate subsidy of up to 3% for the first two years, a cap on in rem collateral of up to 100% of principal, early repayment and free access to the ESG Tracker by the Hellenic Development Bank. The deputy minister noted full absorption of TEPIX III resources in the third phase and reported cumulative lending of more than EUR 2.4bn under the programme to date. Applications are now open via the Hellenic Development Bank’s KYC platform and OPSKE.