Fair Development Transition Loan Fund
The Fair Development Transition Loan Fund was created to provide very small and small-medium enterprises operating in the Western Macedonia region and in the municipalities of Megalopolis, Tripoli, Gortynia, and Oichalia in the Peloponnese region with investment purpose loans and working capital on particularly favorable terms.
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Program details
Title: Fair Development Transition Loan Fund
Budget : €50.000.000
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Kozani Address
Western Macedonia, Greece
Kastoria Address
information
Phone Kastoria: +30 2467 027665
E-mail: info@koem.eu
Fair Development Transition Loan Fund
The Fair Development Transition Loan Fund was created to provide very small and small-medium enterprises operating in the Western Macedonia region and in the municipalities of Megalopolis, Tripoli, Gortynia, and Oichalia in the Peloponnese region with investment purpose loans and working capital on particularly favorable terms.
A business participating in the Fair Development Transition Loan Fund benefits in multiple ways:
The funded business is fully exempt from interest on the portion of the loan co-financed by the Fund (i.e., 50% of each loan), as this amount is provided interest-free by the Fund.
The Fund can subsidize part of the interest rate applied by the Credit Institution on its funds (i.e., 50% of each loan). The subsidy applies to the first 3 years of the loan (starting from the first disbursement) and reduces the Credit Institution's interest rate by 3%, significantly lowering the final interest rate of the loan.
Additionally, each Credit Institution participating in the Fund is required to offer lower interest rates for the portion it finances, compared to the interest rates that would apply to similar financing without the Fund's participation.
The maximum amount of collateral that the Credit Institution may require for each financing cannot exceed 100% of the loan's principal.
The loan amount can range from €5,000 to €500,000
duration of 1 to 10 years, including a possible grace period of up to 12 months.
KOEM Accounting & Consulting takes on:
- Development of the Business Plan
- Υποβολή της αίτησης χρηματοδότησης στο Ολοκληρωμένο Πληροφοριακό Σύστημα Κρατικών Ενισχύσεων (ΟΠΣΚΕ),
Κατάθεση της αίτησης χρηματοδότησης μαζί με φάκελο απαιτούμενων δικαιολογητικών στο Πιστωτικό Ίδρυμα - Support throughout the entire implementation of the Agreement