What is the TEPIX III Program
Access to financing is one of the most critical factors for the growth and sustainability of small and medium-sized enterprises in Greece. The TEPIX III program was designed to address this need by offering business loans with favorable terms and reduced collateral requirements. The program is implemented with the support of the Hellenic Development Bank in cooperation with partner financial institutions. Its main objective is to facilitate business access to capital that can be used either to strengthen liquidity or to implement investment projects. The program is addressed to both established and newly founded businesses, making it one of the most important financing tools in the Greek market.
The Main Financing Pillars of TEPIX III
The TEPIX III program includes two main financing mechanisms designed to cover different business needs and company sizes.
Guarantee Fund
The Guarantee Fund represents one of the core pillars of the program, as it provides loan guarantees of up to 80% of the total loan amount. This guarantee significantly reduces the risk for financial institutions and increases the chances of loan approval for businesses. Additionally, the program provides interest rate subsidies that may reach up to 3% during the initial years of financing, substantially lowering the total borrowing cost. In many cases, especially for smaller financing amounts, collateral requirements may be reduced or completely waived. This financing tool can be used both for investment projects and working capital needs.
Microfinance Fund
The Microfinance Fund is mainly addressed to very small businesses, self-employed professionals, and new business ventures seeking immediate access to funding. Through this mechanism, loans ranging from €3,000 to €25,000 are provided without requiring collateral. This action is particularly valuable for businesses in their early stages, as it allows them to cover operational needs, improve liquidity, and implement their first investment initiatives.
Eligible Businesses
The TEPIX III program has been designed to support a wide range of business activities. Eligible applicants include small and medium-sized enterprises across all sectors of the economy, very small businesses, newly established companies, and self-employed professionals engaged in entrepreneurial activity. The financing can be used either for investment projects, such as equipment modernization or development of new services and products, or for covering operational needs and strengthening working capital, depending on each company’s business plan and financial requirements.
Key Advantages of the TEPIX III Program
The TEPIX III program is considered an attractive financing option for businesses, as it offers significant advantages compared to conventional bank loans. Favorable lending terms, interest rate subsidies, and a high loan guarantee percentage substantially reduce the financial burden for businesses. Furthermore, the ability to finance both investment plans and operational expenses provides flexibility in business growth planning. In certain cases, the absence of collateral requirements makes the program even more accessible, particularly for smaller or newly established enterprises.
The Importance of Timely Application
The TEPIX III program remains available until the allocated budget is fully utilized. For this reason, proper preparation and timely submission of the financing application play a crucial role in securing approval. Accurate eligibility assessment, clear identification of financial needs, and thorough preparation of the financing application file significantly increase the chances of successful participation in the program and ensure a smooth evaluation process.
How we can support your TEPIX III Application
Link Consulting support businesses at every stage of utilizing financing tools by providing comprehensive consulting services. The process begins with an eligibility assessment and analysis of the company’s actual financial needs. Following this evaluation, our team undertakes the preparation and submission of the financing application file while providing continuous consulting support throughout the entire process until funding approval is completed. The goal is to ensure that each business selects the financing solution that truly aligns with its growth strategy.
Interested in Checking Whether Your Business Qualifies for TEPIX III?
Proper information is the first and most important step in making successful business decisions. Evaluating available financing opportunities can help businesses plan their next growth step and take advantage of available funding tools. Contact our team for an initial assessment and learn more about your company’s potential eligibility for the TEPIX III program.
