Favourable financing
Satisfy the increased liquidity needs of your business with an 80% guaranteed Loan from the “Guarantee Fund HDB-TMEDE” of the Hellenic Development Bank (HDB).
Who it is aimed at
The Programme is aimed at Small and Medium-sized Enterprises (SMEs) (according to Regulation 651/2014) of the Engineering and Construction sector, which:
- Wish to undertake or have undertaken projects and/or studies of public interest, irrespective of the stage of the project or study.
- Are active in the eligible business activity codes (KAD) that are listed here.
- Have been established up until the time the financing application is submitted to the Bank.
- Are not considered “undertakings in difficulty” as described in Article 2 (18) of Regulation 651/2014)
- Have an acceptable credit rating, in accordance with the applicable credit policy and the Banks’ internal processes.
- Are up to date with bank payments (debts < 90 days past-due) at the time of the financing application to the Bank.
- Are not subject to exclusion according to Article 40 of Law 4488/17 (A/137/139/17), as in force.
- Have no outstanding recovery order against them for a previous illegal and incompatible state aid, based on a EU or CJEU decision.
- The beneficiary, as a single undertaking, cannot exceed the ceiling of €200.000 of De minimis aid (Regulation 1407/2013) at a rolling basis of three years (2022,2023,2024).
- Have not exhibited poor credit behaviour in their debt repayments (termination of loan or debts over 90 days past-due), in the event the businesses that have been included in HDB Programmes that have expired or are still active.
In the case of businesses that have exhibited poor credit behaviour in relation to the above, HDB may approve the loan application in the context of the Loan Guarantee Fund HDB -TMEDE provided:
- they have repaid their debt in full prior to submitting the loan application or
- the case involves a Guarantee Programme and the guarantee amount has not been paid on the part of HDB or
- the relevant debt has been confirmed by the competent Tax Office and included in a debt settlement scheme, which is still active on the date when the application form is submitted.
Businesses not falling within the Scope of Article 1 Regulation (EU) 1407/2013 (for applications submitted after 01.07.2022) and those exercising “Non-Eligible Activities” are excluded.
Financing is carried out with the guarantee provided by the HDB-TMEDE Loan Guarantee Fund of the Hellenic Development Bank (HDB), co-financed by the Greek State and the Engineers and Public Works Contractors Fund (TMEDE).
