This is the first time that the Hellenic Development Bank has partnered with a private entity.
This creates a very important development tool, which was designed and
implemented directly by the Hellenic Development Bank (HDB) after the
signing of the memorandum of cooperation with TMEDE, on May 17, 2021.
The purpose of the Fund is to provide collateral for loans granted by
cooperating banks, in order to facilitate access to lending for
companies in the Construction and Design sector.
Through the "HDB-TMEDE Guarantee Fund" each beneficiary can receive
working capital, through bank lending, for an amount of up to € 200,000
with the Fund assuming part of the credit risk by providing a guarantee
to the banks for 80% of the financing.
• In addition, there is the possibility of subsidizing the provision of
collateral, as an additional element of reducing the cost of borrowing
companies.
This facilitates immediate and practical access to finance for thousands
of freelancers & businesses, with a completely transparent, fast
and efficient process.
It is a constant goal of the Hellenic Development Bank (HDB) to act as a
catalyst for expanding the scope of companies financed by the Banking
System by assuming part of the credit risk and strengthening
entrepreneurship, with transparency and simplification of bureaucratic
procedures.
The deadline for banks to submit an expression of interest was set for August 25th.
See the call for interest here
