Ταμείο Εγγυοδοσίας Επενδύσεων (ESIF ERDF Guarantee Fund)

The Investment Guarantee Fund is an important financial tool for enhancing the competitiveness and innovation of small and medium-sized enterprises, job creation and business recovery. The aim of the Fund is to improve the access of small and medium-sized enterprises to investment financing, providing protection against possible losses through the guarantee of the European Investment Fund (EIF / EIF).

Fund budget

The guarantee capital of the Fund amounts to 100 million euros and with the leverage of the bank it will create portfolios of loans of Small and Medium Enterprises worth over 500 million euros.

The resources of the Fund are co-financed by the European Regional Development Fund (ERDF) and the Greek State, part of which comes from the Operational Program Competitiveness, Entrepreneurship and Innovation (EPANEK) – NSRF 2014-2020.

Eligible borrowers

New and existing Small and Medium Enterprises of all sectors of the economy operating in Greece are eligible, subject to compliance with the terms of the de minimis Regulation EU 1407/2013.

Types of Loans

New guaranteed, favorable investment loans as well as new special purpose working capital loans with development character, low interest rate, reduced collateral and longer repayment period, which will allow Greek small and medium-sized enterprises to make investments that will enhance their competitiveness. .

Maximum loan amount

The maximum loan amount is 1,875,000 euros, depending on the repayment period and subject to compliance with the terms of application of EU Regulation 1407/2013 de minimis.

Τα δάνεια θα είναι διαθέσιμα για εκταμίευση μέχρι και τις  31.12.2023.

Guarantee Coverage

The guarantee covers 80% of the losses of each loan, with a maximum of 25% to cover the losses in the entire portfolio of each bank. The maximum warranty period is 10 years.

The guarantee is provided with a zero guarantee commission. The gross grant equivalent of the aid (GNI) is a function of the amount of the loan and its repayment period and is calculated by the Bank at the time of granting the loan.

Fund Manager

The management of the Investment Guarantee Fund is entrusted to the European Investment Fund (EIF).

Electronic Submission

The requests of the companies are first submitted to the electronic platform www.ependyseis.gr from where after the finalization of the submission the unique code of each request is received. The prospective borrowers then submit their funding applications and physical file for evaluation to the partner Banks.