DELFI GUARANTEE FUND (Development Law Instrument Guarantee Fund)

Objective of the Scheme

The Guarantee Fund "Development Law Financial Instrument Guarantee Fund (DeLFI GF)" is a new financial instrument created by the Hellenic Development Bank S.A. with the aim of supporting the financing of newly established and existing sustainable businesses that meet specific criteria and seek to implement investment projects that fall within the framework of the new Development Law L.4887/2022.

The DeLFI GF acts as a bridge between Credit Institutions and businesses, creating a favorable environment where businesses can gain access to financing despite the possible uncertainties and risks associated with new investment efforts within the framework of the Development Law. Essentially, in this way, the DeLFI GF contributes to the strengthening of Greek entrepreneurship and activity and contributes to the general economic development of the country.

Action budget:

leverage €500 million

Application submissions begin:

-

Application deadline:

open

Action budget:

leverage €500 million

Application submissions begin:

-

Application deadline:

open

Small and Medium Enterprises, which, among other things, must:
• which have been subject to an aid regime through Development Law 4887/2022. Businesses that have been established up to the time of submission of the financing application to the bank are not considered problematic (as referred to in Article 1, paragraph 4 and point 18 of Article 2 of Regulation 651/2014) as applicable from time to time.
• Are considered creditworthy in accordance with the applicable credit policy and internal procedures of credit institutions
• They are bank-informed (have a debt of < 90 days) on the date of the application

In the medium-long term as part of an equity participation in:

Investment loans through GBER (EE 651/2014)

Guarantee percentage:

80%

Amount:

50.000€-10.000.000€

In the medium-long term as part of an equity participation in:

Investment loans through GBER (EE 651/2014)

Guarantee percentage:

80%

Amount:

50.000€-10.000.000€

Restriction:

the 25% of the supported investment should not receive any form of state aid, public support or provision

Duration:

3-10 years

Restriction:

the 25% of the supported investment should not receive any form of state aid, public support or provision

Duration:

3-10 years

Short-term bullet (funding part):

Investment loans through GBER (EE 651/2014)

Guarantee percentage:

80%

Amount:

50.000€-10.000.000€

Short-term bullet (funding part):

Investment loans through GBER (EE 651/2014)

Guarantee percentage:

80%

Amount:

50.000€-10.000.000€

Restriction:

the 25% of the supported investment should not receive any form of state aid, public support or provision

Duration:

1-5 years

Restriction:

the 25% of the supported investment should not receive any form of state aid, public support or provision

Duration:

1-5 years

Medium-long term + Short term bullet:

Investment loans through GBER (EE 651/2014)

Guarantee percentage:

80%

Amount:

MD+BD=<10 million €

Medium-long term + Short term bullet:

Investment loans through GBER (EE 651/2014)

Guarantee percentage:

80%

Amount:

MD+BD=<10 million €

Restriction:

the 25% of the supported investment should not receive any form of state aid, public support or provision

Duration:

2 distinct contracts with corresponding terms

Restriction:

the 25% of the supported investment should not receive any form of state aid, public support or provision

Duration:

2 distinct contracts with corresponding terms

Collateral:

real estate up to 40%* of total loan only in the medium-long term

Collateral:

real estate up to 40%* of total loan only in the medium-long term

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