Financing is carried out by the Development Law Financial Instrument Guarantee Fund (DeLFI GF), managed by the Hellenic Development Bank (HDB) through resources funded by the Greek State under the Public Investment Programme.
Boost the competitive edge of your business
Up to 80% guarantee
Secure up to 80% guarantee from the HDB and pay the commission in a lump sum.
Based on your needs
Get financing to cover your own funds participation or repay the subsidy up-front.
Flexible repayment
Repay the loan in up to 10 years, depending on your business needs.
Discover the features
Find out the features of the loan from the Development Law Financial Instrument Guarantee Fund.
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Any questions?
Find the answers you need about the Development Law Financial Instrument Guarantee Fund.
Which businesses are exempt from financing through the HDB loans?
Business with non-eligible business activity codes (KAD / NACE) and those involved in activities, such as:
- Illegal economic activities, according to the Greek and EU law, as in force
- Production of and trade in weapons and ammunition
- Production, processing and trade of tobacco and tobacco products
- Research, development or technical applications providing support services to online gambling and casinos
- Pornography
- Illegal access to electronic data networks
- Illegal receipt of electronic data
- Research, development or technical applications for research or therapeutic purposes related to human cloning and genetically modified organisms (GMOs)
- Decommissioning or building nuclear power plants
Are there restrictions in using the loan I will receive?
Yes. You cannot use the loan to:
- Pay off an existing loan or credit card debt.
- Pay dividends.
- Buy shares.
- Carry out mergers or acquisitions.
Which businesses are considered micro, small or medium-sized?
According to Commission Recommendation 280/1996 and the new Recommendation 361/2003:
Micro businesses are those that:
- Employ < 10 persons
- Have an annual turnover or an annual balance sheet total ≤ €2 million
Small businesses are those that:
- Employ < 50 persons
- Have an annual turnover or an annual balance sheet total ≤ €10 million
Medium-sized businesses are those that:
- Employ < 250 persons
- Have an annual turnover ≤ €50 million or an annual balance sheet total ≤ €43 million