Growing a business requires access to the right financing at the right time. Whether you are planning a new investment, expanding operations, or strengthening your working capital, the TEPIX III Guarantee Fund offers SMEs in Greece an attractive financing solution with lower borrowing costs and reduced collateral requirements.
The programme combines loan guarantees, interest rate subsidies and favourable lending terms, making it easier for businesses to secure financing through participating banks. It supports both investment projects and working capital needs while helping businesses preserve liquidity and accelerate growth.
Eligibility
The TEPIX III Guarantee Fund is available to existing and newly established Small and Medium-sized Enterprises (SMEs) operating legally in Greece and meeting the programme’s eligibility criteria.
The programme consists of two sub-funds:
- General Entrepreneurship, addressed to all eligible SMEs.
- Start-up Entrepreneurship, designed for micro and small enterprises with up to five years of operation.
The financing can support a wide range of business activities and sectors, provided the company falls within the programme’s eligible economic activities.
Basic Terms
The programme supports three financing categories:
- Investment loans
- Special-purpose working capital loans
- Revolving working capital credit facilities
Loan amounts
- Investment loans of up to €10,000,000 (subject to the applicable State Aid framework)
- Working capital loans of up to €500,000 under the General Entrepreneurship sub-fund.
- Minimum loan amount: €10,000
Key Benefits
TEPIX III is designed to improve access to bank financing while significantly reducing the overall cost of borrowing.
Reduced collateral requirements
- 70% guarantee for loans under the General Entrepreneurship sub-fund.
- 80% guarantee for eligible Start-up Entrepreneurship loans.
- Maximum collateral requirement of 30% of the loan amount for loans above €50,000.
- For loans of up to €50,000, participating banks may request only personal guarantees.
Lower financing costs
- 2% interest subsidy for businesses located in Attica and the South Aegean.
- 3% interest subsidy for businesses operating in all other regions of Greece.
- Interest subsidy applies during the first two years of the loan.
Additional advantages
- Zero guarantee fee throughout the entire loan duration.
- Competitive lending rates offered by participating financial institutions.
- Access to financing for both investment projects and working capital needs.
- Availability of revolving credit facilities for greater operational flexibility.
Tourism Investments
Investment Plans in Tourism Sector can be supported by Loans of up to €10,000,000.
Eligible Tourism Investment Projects
- Hotels
- Furnished tourist apartments
- Independent tourist residences
- Glamping / Camping / Eco-tourism units
Other Eligible Sectors
Investment Plans in Tourism Sector can be supported by Loans of up to €10,000,000.
- Food & Beverage Industry
- Manufacturing
- Information Technology / Software
- Real Estate / Property Development
- Recycling – Circular Economy
- Energy
- Wholesale & Retail Trade
- Logistics – Transport – Warehousing
- Health & Wellness Services
How VK PREMIUM Can Support You
VK PREMIUM provides end-to-end support throughout the investment lifecycle, including eligibility assessment, investment planning, application preparation, project monitoring and grant management.
Our business growth consultants can help you identify the most suitable funding opportunity and maximize the chances of successful approval and implementation.
📩 Contact us today to explore how we could support your investment project!
Contact Form
* Required fields
