The Action aims at promoting entrepreneurship, facilitating the access of enterprises to financing, and reinforcing investments by granting loans with preferential terms.
The cost of loans granted under this specific action is particularly advantageous for businesses as, due to the co-investment relationship between the Funds and the banks {1:1.5 - 40% of the loan is funded by the Entrepreneurship Fund (TEPIX II) and the rest 60% by the Bank}, and given that the funds of the Fund for Entrepreneurship are interest-free, interest charges are limited to 60% of the bank loan interest rate that the business would be charged with at any given time.
The funding application is submitted by the interested companies electronically in https://www.ependyseis.gr/mis , by choosing Pancretan Bank as the co-operating bank. The application is printed and submitted to the Bank together with all other supporting documents of the Action.