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Microloan Fund for Natural Disaster Recovery for Thessaly-TEPIX III

Objective of the Scheme

 
 

The Microloan Fund for Recovery from Natural Disasters was created in the context of the Entrepreneurship Fund III, to provide micro and small enterprises and professionals of Region of Thessaly, working capital loans with the possibility of combining them with investment expenditure, on very favourable terms.

The Fund aims to support financially by providing microloans to at least 480 micro and small businesses in the Region of Thessaly, which have been affected by the severe natural phenomena, regardless of whether they have suffered material damage, as their normal business activity has been affected by the general consequences of natural disasters in the region.

 
 
 

Action budget:

10.000.000€ (12.000.000€ loan portfolio)

Application submissions begin:

-

Expiry of integration (date of contract signature):

31/12/2029

Action budget:

10.000.000€ (12.000.000€ loan portfolio)

Application submissions begin:

-

Expiry of integration (date of contract signature):

31/12/2029

The Fund applies to businesses with an eligible ID (based on a list posted on the EAT's Site) that have a registered office or branch of the main or secondary activity within the Region of Thessaly and are incorporated, i.e. have a legal form and a VAT number or have started a sole proprietorship, at least 1 year before the date of submission of the funding application to the OPSKE.

Loans may be granted:

  • Through Credit Institutions to micro and small businesses,
  • Through a Microfinance Institution to microfinance micro entities, natural persons engaged in self-employment, or beneficiaries of small loans, as defined in the provisions of Article 15, para. 1 of Law 4701/2020 (Government Gazette A'128/30.06.2020), as in force.

Regulation

Investment loans through De Minimis (EU 2831/2023)

Financing scheme:

Fund 75%- Credit institution 25%

Amount:

3.000€-25.000€

Duration:

12-96 months (grace period up to 6 months)

Regulation

Investment loans through De Minimis (EU 2831/2023)

Financing scheme:

Fund 75%- Credit institution 25%

Amount:

3.000€-25.000€

Duration:

12-96 months (grace period up to 6 months)

Disbursements:

one-time/in installments & within 4 months from signing the contract/before 31/12/2029

Collateral:

guilty

Disbursements:

one-time/in installments & within 4 months from signing the contract/before 31/12/2029

Collateral:

guilty

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