- The program is available: Through to 30.09.2020 or until available funds have been used up
- Eligibility criteria for businesses
To be eligible, businesses need to meet the following criteria:
- they should be micro, small or medium businesses, as per Commission Recommendation
2003/361/EU, employing up to 250 staff in terms of Annual Work Units (AWU) and the turnover of
the last business year should not be higher than €50 million or the value of assets should not be
higher than €43 million
- they should be businesses not in difficulty as per Regulation (EU) No. 651/2014 of the
Commission, of 17 June 2014, announcing certain categories of loan facilities as compatible with
the domestic market under articles 107 and 108 of the Treaty on the Functioning of the European
Union, as amended
- they should be businesses not active in non-eligible sectors, as such are described hereinbelow
"Businesses non-eligible for financing"
- they should not have overdue debts or generally present any breach or default with regard to any
contractual term of any loan or leasing agreement, whether granted by the Bank or another credit
institution, during the time period that the financing request is under review
- they should be established in Greece.
Businesses that are not eligible for financing
Businesses considered as not being eligible for financing within the context of the present program are
those whose activity is related to:
- Illegal Economic Activities
Any production, trade or other activity which is illegal under the laws or regulations of the home
jurisdiction for such production, trade or activity
- Tobacco and Distilled Alcoholic Beverages
The production of and trade in tobacco and distilled alcoholic beverages and related products
- Production of and trade in weapons and ammunition
The financing of the production of and trade in weapons and ammunition of any kind. This
restriction does not apply to the extent that such activities are part of or accessory to explicit EU
policies
- Casinos
Casinos and equivalent enterprises
- IT Sector Restrictions
Research, development or technical applications relating to electronic data programs or solutions,
which:
aim specifically at:
i. supporting any activity included in the EIF Restricted Sectors referred to above
ii. internet gambling and online casinos or
iii. pornography
or which are intended to enable to illegally:
i. enter into electronic data networks or
ii. download electronic data
- Life Science Sector Restrictions
Research in human cloning for the purposes of reproduction, as it is considered to be
illegal economic activity.
When providing support to the financing of the research, development or technical
applications relating to:
- human cloning for research or therapeutic purposes and
- Genetically Modified Organisms ("GMOs")
the EIF shall require from the EIF counterpart (i.e. the Bank) appropriate specific assurance
on the control of legal, regulatory and ethical issues linked to such human cloning for
research or therapeutic purposes and/or GMOs.