TEPIX III: €330 million in new loans for small and medium-sized enterprises
Quick answerTEPIX III is being strengthened with additional resources which, with the participation of partner banks, are expected to generate new loans exceeding €330 million for small and medium-sized enterprises throughout Greece. The financing covers investment plans and special-purpose working capital, while 40% of each loan is provided interest-free by the Hellenic Development Bank.
The new reinforcement of the Loan Fund creates another opportunity for small and medium-sized enterprises to access financing on more favourable terms. However, the business must prepare its financing file and a well-documented Business Plan in good time, demonstrating its viability and ability to repay the loan.
TEPIX III: what changes with the new €330 million in loans
The Entrepreneurship Fund III is being strengthened with additional resources arising from the reuse of financial instrument funds from the 2014–2020 NSRF programming period.
By leveraging the new resources through partner credit institutions, it is estimated that new business loans totalling more than €330 million will be made available to small and medium-sized enterprises throughout the country.
The new financing follows the strong demand for TEPIX III since its launch in 2024. By the time of the official announcement, more than 11,425 loans totalling over €3 billion had already been granted.
The figures show that the instrument effectively targets the core of Greek small and medium-sized entrepreneurship: 90% of the businesses financed employ fewer than 50 people and have turnover below €10 million.
New financing opportunity for small and medium-sized enterprises
The additional resources create a new financing opportunity for businesses that:
- are planning to purchase or upgrade equipment,
- are planning building-related or other productive investments,
- need working capital for a specific business purpose,
- were unable to complete their application in a previous round,
- are seeking financing at a lower overall cost.
However, the availability of resources does not mean that the loan will be approved automatically. The partner bank assesses the business’s creditworthiness, financial data, the purpose of the financing and its ability to service the loan.
For this reason, preparation should not begin only when supporting documents are requested. From the outset, the business needs a clear definition of the amount, expenditure, repayment term and expected financial results.
TEPIX III Loan Fund: investment loans and working capital
The TEPIX III Loan Fund finances two main categories of business needs: investment plans and special-purpose working capital.
| Loan category | Financing amount | Term | Grace period |
|---|---|---|---|
| Investment loan | €20,000 to €8,000,000 | 60–144 months | Up to 24 months |
| Special-purpose working capital | €10,000 to €500,000 | 24–60 months | Up to 12 months |
Investment loans
Investment loans are intended for structured business plans that strengthen the business’s production capacity, modernisation, growth or competitiveness.
Special-purpose working capital
Working capital is not general-purpose financing without a specific intended use. It must be linked to documented operating needs and to the business plan submitted for assessment.
What amounts, terms and grace periods are available
The main terms vary depending on the type and purpose of the loan. The financing amount must correspond to the business’s actual needs and be supported by the investment or financing plan.
The grace period does not mean that the debt is written off. It is a period during which the agreed repayment arrangement applies, in accordance with the loan terms and the approval of the partner bank.
The appropriate financing term should be selected based on the business’s expected cash flows. An excessively short term increases the monthly repayment burden, while a longer term affects the total financing cost.
How the co-financed loan with 40% interest-free financing works
The main advantage of the TEPIX III Loan Fund is that 40% of the total amount of each loan is financed interest-free from Hellenic Development Bank resources.
The remaining 60% of the loan is provided by the partner bank and bears the interest rate agreed during the bank’s assessment.
| Loan component | Percentage | Cost |
|---|---|---|
| Hellenic Development Bank resources | 40% | Interest-free |
| Partner bank resources | 60% | Bank interest rate |
| Total loan | 100% | Reduced overall cost |
In addition, an interest subsidy of up to 3% is provided for the first two years. The final interest rate, collateral and individual terms are determined when the application is assessed by the partner credit institution.
Who can apply for TEPIX III
TEPIX III is aimed at small and medium-sized enterprises operating in Greece that meet the criteria of the financing instrument and the applicable State aid legislation.
Eligibility is not determined solely by the size of the business. The following are also assessed:
- the legal form and actual economic activity,
- the KAD code of the activity being financed,
- the purpose and amount of the requested loan,
- the financial position and repayment capacity,
- compliance with State aid rules,
- the completeness of the financing and bank application file.
Before the process begins, it should be checked whether the financing purpose, proposed expenditure and financial position of the business comply with the Fund’s terms.
How to apply through KYC, OPSKE and a bank
The financing application follows a combined online and banking process. The official announcement states that applications are submitted through the Hellenic Development Bank’s KYC platform and OPSKE.
- 1
Registration on the KYC platformThe business enters its basic details and grants the necessary authorisations for the available financial and business data to be checked.
- 2
Selection of the financing instrument and bankThe appropriate financing product and the credit institution to which the application will be forwarded are selected.
- 3
Submission of the application to OPSKEThe investment or financing plan and the required business details are entered.
- 4
Submission of the bank application fileThe bank requests the financial data, Business Plan and supporting documents required for the credit assessment.
- 5
Assessment and final approvalOnce the required checks have been completed successfully, the amount, term, collateral and final loan terms are determined.
The exact sequence of certain steps and the additional bank documents required may vary by credit institution and financing request.
What the business should prepare before applying
The success of the application does not depend solely on completing the online fields. The business must present a realistic and adequately documented financing request.
Before submission, it is useful to organise:
- the exact financing amount required,
- the purpose and category of the loan,
- the detailed expenditure budget,
- quotations for equipment or other investment expenditure,
- the business’s financial and tax data,
- existing financing obligations,
- revenue, expenditure and cash-flow forecasts,
- the Business Plan and evidence of repayment capacity.
Particular attention is required to ensure consistency between the Business Plan, tax data, quotations and the amount requested from the bank. Inconsistencies between the documents may cause delays or additional requests for clarification.
Why the financing application file should be prepared immediately
TEPIX III has attracted particularly strong demand. The Hellenic Development Bank reports that the available resources had already been reinforced several times, while previous phases of the Loan Fund closed after the available funds had been fully absorbed.
This means that a business should not wait until the last minute to begin:
- 1
The eligibility checkThe activity, KAD code, purpose of the loan and main terms of the financing instrument are assessed.
- 2
Defining the financing requestThe amount, term, expenditure and appropriate type of financing are determined.
- 3
Gathering the financial dataTax returns, financial statements, liability details and available business data are organised.
- 4
Preparing the Business PlanThe investment, viability, forecasts and ability to service the loan are documented.
How MegaProfit supports the Business Plan and TEPIX III application
MegaProfit provides independent advisory services for the preparation of the financing request and business application file.
Support may include:
- an initial review of the business activity and financing purpose,
- determining the appropriate loan amount and type,
- preparing or revising the Business Plan,
- financial forecasts and cash-flow analysis,
- organising the financial and investment data,
- a completeness review before the bank assessment,
- support in gathering the required supporting documents.
The final credit assessment, approved amount, interest rate, collateral and decision to grant the loan rest exclusively with the partner bank and the competent bodies responsible for the financing instrument.
- Initial assessment of the financing need
- Organisation of the financial and investment file
- Preparation of a well-documented Business Plan
- Nationwide advisory support
Frequently asked questions about the new TEPIX III loans
What are the new €330 million loans through TEPIX III?
These are new business loans expected to be generated following the reinforcement of TEPIX III with additional resources and their leverage through partner credit institutions.
Is 40% of the TEPIX III loan interest-free?
Yes. Under the Loan Fund, 40% of each loan is granted interest-free from Hellenic Development Bank resources. The remaining 60% is financed by the bank under the approved terms.
Can TEPIX III finance working capital?
Yes. Special-purpose working capital loans from €10,000 to €500,000 are available, with a term of 24 to 60 months and a grace period of up to 12 months.
What is the maximum investment loan?
Investment loans under the Loan Fund range from €20,000 to €8,000,000, with a term of 60 to 144 months.
How is a TEPIX III application submitted?
Applications are submitted through the Hellenic Development Bank’s KYC platform and OPSKE, followed by an assessment of the financing request by the partner bank.
Does submitting an application guarantee loan approval?
No. The bank performs a credit assessment and reviews the financial data, viability, purpose of the financing, collateral and repayment capacity.
Is a Business Plan required for the application?
A structured business plan setting out the purpose of the loan, the budget, financial forecasts and repayment capacity is required to substantiate the financing request.
Official sources
“Competitiveness” Programme – €330 million in new loans through TEPIX III
Hellenic Development Bank – Official press release
Fact Checked: The amounts, terms and key conditions stated in the article were cross-checked against the official announcements of the “Competitiveness” Programme and the Hellenic Development Bank.
Last updated: 5 August 2026.
MegaProfit is an independent consulting company and is not a managing authority, credit institution or authorised representative of the Hellenic Development Bank. Official information about the financing instruments is provided free of charge by the HDB and partner credit institutions.
Frequently asked questions about the new TEPIX III loans
What are the new €330 million loans through TEPIX III?
TEPIX III is being strengthened with additional resources which, with the participation of partner banks, are expected to generate new loans totalling more than €330 million for small and medium-sized enterprises throughout Greece.
Is 40% of the TEPIX III loan interest-free?
Yes. Under the Loan Fund, 40% of each loan is financed interest-free from Hellenic Development Bank resources. The remaining 60% is provided by the partner bank at a bank interest rate.
Is there an interest subsidy under TEPIX III?
Yes. Under the Loan Fund and Guarantee Fund, an interest subsidy of up to 3% is provided for the first two years, in accordance with the terms of the financing instrument.
Can working capital be financed?
Yes. Special-purpose working capital loans from €10,000 to €500,000 are available, with a term of 24 to 60 months and a grace period of up to 12 months.
What is the amount of the TEPIX III investment loans?
Investment loans range from €20,000 to €8,000,000, have a term of 60 to 144 months and a grace period of up to 24 months.
How is a TEPIX III application submitted?
Applications are submitted through the Hellenic Development Bank’s KYC platform and OPSKE. This is followed by the submission and assessment of the financing file by a partner bank.
Does eligibility guarantee loan approval?
No. The partner bank assesses creditworthiness, financial data, the purpose of the loan, the Business Plan, the required collateral and repayment capacity.
Is a Business Plan required for a TEPIX III application?
The financing request must be accompanied by a documented business plan presenting the purpose of the loan, expenditure, financial forecasts and the ability to service the financing.
