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Action of the Intermediary Entrepreneurship Fund I

Attica Bank and the Entrepreneurship Fund strengthen entrepreneurship in Small and Sedium-sized Enterprises.

What is the Intermediary Entrepreneurship Fund I:

An equitable co-investment of funds of the Entrepreneurship Fund I (under the management of the Hellenic Fund for Entrepreneurship and Development - ETEAN SA) and the Greek Banks, for the granting of low-interest loans to Small and Medium-sized Enterprises.

The total amount of the action will be given to grant financial products that regard:

  • • Special Purpose Vehicle working capital.
  • • Loans financing investment projects.

Who is Action of the Intermediary Entrepreneurship Fund I for?

The enterprises eligible for funding are existing and currently established micro, small and medium-sized enterprises which develop a sustainable business activity in eligible financial sectors and:

  • Employ fewer than 250 employees and their annual turnover does not exceed € 50,000,000 or the total annual balance sheet does not exceed € 43,000,000.
  • Loans that finance investment plans.
  • Have a tax clearance and social security certificate.
  • Do not appear to be inconsistent or to have fallen due in ETEAN co-investment or guarantee programs.
  • The accumulation of aids (de minimis) is in accordance with the rules that govern State aids.

 

DATA - PURPOSE OF LOANS

Attica Business Restart

Loans that finance non-materialized investment plans for Small and Medium-sized Enterprises.

  •  
    Amount and Duration

    € 10,000 - € 800,000 with repayment from 5 to 12 years and a grace period from 6 months to 2 years*.

Attica Business Development

Special purpose business development loans to meet operational needs.

  •  
    Amount and Duration

    € 10,000 - € 300,000 with repayment in up to 48 months*.

  •  
    More

    Download the relevant newsletter.

* 50% of all funding comes from the Entrepreneurship Fund I and is interest-free.

For more information

regarding the detailed conditions for the sale of this product, contact the relevant officers of the Attica Bank branch network or on the phone +30-210-3669000.

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