Working capital with a two-year interest rate subsidy
Working capital with 100% interest rate subsidy for the first two years from TEPIX II
12 May 2020
Available options for deploying a medical cannabis investment in Greece
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Business loans with 80% State guarantee for collateral – Greek warranty Fund Covid-19

Business loans with 80% Guarantee Rate - Greek warranty Fund Covid-19

Applications for Business loans with 80% Guarantee Rate

The program for Business loans with 80% Guarantee Rate “Greek warranty Fund Covid-19” was launched with the aim of supporting the economy during the current outbreak of COVID-19 disease (2020 / C 91 I / 01), in the context of the maximum possible utilization of financial resources to meet the increased liquidity needs of businesses. 

Limited budget availability due to high number of submissions until now.

Guarantee Rate
The loan guarantee rate is set at 80%.

Maximum loan amount
The amount of the initial capital of the Loan does not exceed one of the following, whichever is greater:

  • I. 25% of Company’s total turnover during the year 2019 or
  • II. double the annual salary cost of the Company (including social security contributions, as well as the cost of staff working in the business premises, but officially included in the payroll statements of subcontractors) for 2019. In the case of Businesses created after the 1st January 2019, the maximum loan should not exceed the estimated annual wage cost for the first two years of operation.

For more information and the submission of the applications for Business loans with 80% Guarantee Rate, please contact VK PREMIUM on the bellow form: