Purpose
Investment loans to finance the digitization and digital upgrading of operations/activities, productivity growth, expansion and the creation of new jobs for small and medium-sized enterprises.
Businesses should prove, through the submitted Business plan and during implementation by submitting relevant documents, that the transformation projects concern one or more of the following eligible sectors:
- Green Mobility Loans (Development of Green Mobility), to finance investment projects and/or part of the investment, with the aim of:
- the supply and installation of recharging and refueling infrastructure for zero- or low-emission vehicles
- the upgrading/expansion of existing energy stations to low or zero emission means of transport charging stations
- the creation of local units of production or storage of electricity through RES, for the purposes of operating the recharging infrastructure.
- Loans for energy upgrade. Financing of investment projects with the aim of upgrading the energy efficiency of industrial, craft and commercial business premises. When the investment concerns energy efficiency projects in buildings, the eligible costs are the total costs of the energy efficiency project.
- Financing of Energy Service Companies (ESCos). These are companies that provide energy services to end-users of energy, including the supply and installation of energy-efficient equipment and/or the renovation of buildings
- Green Renewable Energy (Renewable Energy Sources), for the financing of investment projects and for SMEs always concerns new facilities to purchase and install the equipment, the configuration of the space, the production, storage, distribution and transmission of the produced energy, which originates from renewable sources, namely: Solar Energy, Wind Energy, Geothermal Energy, Hydroelectric Energy.
Documentation of the use of the loan is required with relevant expense documents in accordance with the submitted business plan.
Documents that are paid out of own funds after the date of application to the Financial Institution and before disbursement are financed and the proceeds of the disbursement are credited to the company.
VAT is not an eligible expense.
Amount
€80.000 - €8.000.000 maximum per company
Duration
From 2 up to 10 years (including grace period)
Interest Rate
Fixed for the entire loan duration or Variable based on Euribor 3m plus margin reduced by 40%
The interest rates are charged with the interest margin and the contribution of L.128 / 75, which currently amounts to 0.60%.
The customer's final interest rate is determined on the basis of a creditworthiness assessment
Interest rate subsidy
Two-year interest rate subsidy of 3% on the rest 60% of the loan amount, exclusively for SMEs that have not received funding from a previous HDB program, which:
- Is irreversibly terminated in the event of an overdue payment of for more than 30 days
- Does not cover the levy of Law 128/75 and any late payment interest rate that, in any case, is due by the customer.
Repayment:
-
For Small Businesses and Professionals (Turnover ≤ €2.5 million):
Monthly or quarterly installments combining principal and interest
- For Medium Enterprises-sized (€2.5 million
Monthly quarterly, semi - annual, annual installments of principal and interest combined or principal and interest apart.
Grace Period
Up to 24 months (during the grace period only the interest due will be paid).
Early repayment
Early partial or full repayment is possible without any charge. The capital repaid can not be refinanced.
Currency
Euro (€)
Disbursement:
Disbursements can be either one-off or partial. The first disbursement (one-time total or first installment) of the amount of the Contract should be made within four (4) months from the signing of the Contract.
In the case of partial disbursements:
- the 1st disbursement will obligatorily take place within four (4) months from the date of signing the Contract with a final date of June 30th, 2025, and
- the final date of completion of the disbursements is set within 36 months from the 1st disbursement and in any case until 30.6.2026 (disbursements final date), whichever date from the above comes first.
Co-financing from HDB:
The loans are co-financed by 40% from interest – free capital from HDB
Collaterals
Up to 100% of the loan amount.
Offering Period
Until 30.06.2025