Financing solutions for small and medium-sized enterprises (SMEs) by the Hellenic Development Bank (HDB)
DeLFI GF – Investment financing through the development law
The Development Law Financial Instrument Guarantee Fund (DeLFI GF) is a financial tool of the Hellenic Development Bank (HDB) that supports the financing of both newly established and existing viable businesses implementing investments under Development Law 4887/2022.
DeLFI GF acts as a bridge between banks and businesses, creating favorable financing conditions and reducing the risks associated with new investment initiatives. Its goal is to strengthen business activity and contribute to the country’s economic growth.
TEPIX III Guarantee Fund – SME Financing with Favorable Terms
The TEPIX III Guarantee Fund is a financial tool under the Entrepreneurship Fund III, co-financed by ESPA 2021-2027, the European Union, and national funds. It is managed by the Hellenic Development Bank (HDB).
Its objective is to facilitate SME financing by offering:
Guaranteed loans for investments and working capital (including revolving credit).
Interest rate subsidy of 2% for businesses in Attica & South Aegean and 3% for businesses in the rest of the country, for the first two years.
Zero guarantee fee, reducing the overall borrowing cost.
For the first time, HDB combines interest rate subsidies with investment and working capital loans, while the revolving credit option ensures the flexibility businesses need to adapt to market conditions. This way, SMEs gain liquidity, access to capital, and favorable financing terms to support their growth and competitiveness.
Green Co-Financing Loans – Financing for Sustainable Investments
The Green Co-Financing Loan program supports SMEs investing in the Green Transition, offering:
Investment loans with favorable terms.
A two-year partial interest rate subsidy.
40% of the capital interest-free, significantly reducing financing costs.
The program covers investment projects in Green Mobility, Energy Efficiency & Upgrading, and Renewable Energy Sources, enabling businesses to reduce emissions, protect the environment, and lower energy costs.
TEPIX III Loans Fund – SME Financing for Growth
The TEPIX III Loans Fund is a financial tool under the Entrepreneurship Fund III, financed by ESPA 2021-2027, the European Union, and national funds. It is managed by the Hellenic Development Bank (HDB).
Its goal is to facilitate access to financing for small and medium-sized enterprises (SMEs), covering a broad range of financial needs to support and develop their business activities. Additionally, it enhances production capacity, process improvement, product & service development, and international competitiveness, strengthening their position in the market.
Digitalization Co-Financing Loans – Financing for the Digital Transformation of SMEs
The Digitalization Co-Financing Loans program supports SMEs investing in digital upgrade and modernization, offering:
Investment loans with favorable terms.
Two-year partial interest rate subsidy.
40% of the loan capital interest-free, significantly reducing financing costs.
This program enables businesses to increase productivity, expand, and create new jobs, strengthening their market position through technological advancement.
Micro-Agri Loans Fund – Financing for Agricultural & Processing Enterprises
The Micro-Agri Loans Fund facilitates SME financing in the agricultural and agricultural processing sectors, providing co-financed loans through partner banks.
Key Features:
50% of the loan capital is interest-free, as it is funded by the Loans Fund.
Interest subsidies for the first two years.
€300 per VAT number grant for technical & advisory support (mentoring).
Managed by the Hellenic Development Bank (HDB), the Fund provides small investment loans for agricultural enterprises and food processing activities, while also ensuring working capital support for investment purposes.
Innovation Guarantee Fund – Financing for Innovative SMEs
The Innovation Guarantee Fund is the first financial tool designed to support both newly established and existing SMEs that drive research and innovation, provided they can demonstrate their innovative character through a structured business plan.
Key Features:
Guaranteed loans for investments and working capital.
20% grant of the loan capital.
Financing through partner banks.
The Fund enhances the competitiveness of innovative businesses, providing a combination of loan guarantees and grants for the first time, making it easier for SMEs to access funding for growth and expansion.
HDB-TMEDE Guarantee Fund – Financing for Engineers & Construction SMEs
The HDB-TMEDE Guarantee Fund provides loan guarantees through partner banks, facilitating access to financing for SMEs and self-employed professionals in the engineering, consulting, and public construction sectors.
Key Features:
Guaranteed loans through 8 partner banks (Alpha Bank, National Bank of Greece, Piraeus Bank, Eurobank, Attica Bank, Optima Bank, Cooperative Bank of Karditsa & Cooperative Bank of Thessaly).
Financing for working capital related to public projects & studies.
This program strengthens liquidity for businesses that have undertaken or wish to undertake public projects or studies, covering financial needs at any stage of project execution.
Just Transition Loans Fund – SME Financing in Transition Areas
The Just Transition Loans Fund supports micro and small enterprises (SMEs) operating in Western Macedonia and the municipalities of Megalopolis, Tripoli, Gortynia, and Oichalia in the Peloponnese region.
Key Features:
Investment and working capital loans with favorable terms.
Financing through ESPA 2021-2027 and the European Union.
Support for businesses affected by the energy transition.
The Fund helps businesses address the social, economic, and environmental challenges of energy transition, ensuring sustainable growth and facilitating the shift toward a climate-neutral economy by 2050.
Just Transition Investment Loan Guarantee Fund – Supporting SMEs in Transition Areas
The Just Transition Investment Loan Guarantee Fund is a financial tool that supports SMEs in Western Macedonia and the municipalities of Megalopolis, Tripoli, Gortynia, and Oichalia in the Peloponnese region.
Key Features:
Guaranteed investment loans with an interest rate subsidy.
Possibility of a grant for the guarantee fee.
Financing through the “Just Transition Mechanism 2021-2027” program.
Supporting businesses in the post-lignite era.
The Fund supports the smooth transition of businesses in the post-lignite era, offering targeted financial solutions to help them adapt to new economic and environmental changes.
“My Home” Housing Program – Affordable Housing for Young People
Although the program is designed for individuals, it indirectly supports SMEs by increasing demand in sectors related to real estate purchase and renovation, such as construction & technical companies, retail & wholesale businesses in home goods, building materials, furniture, electrical appliances, as well as professionals & small enterprises in the interior design and renovation sector.
The “My Home” program offers low-interest housing loans to young people aged 25-39 for the purchase of their first home, through partner banks, with support from the Public Employment Service.
Key Features:
75% of the loan is interest-free, co-financed by the program.
25% of the loan is low-interest, provided by the banks.
Full interest subsidy for families with three or more children.
100% coverage of loan administration costs by the Fund.
The program aims to help young individuals and couples acquire affordable housing, reduce the stock of vacant properties through renovation and utilization, and address the country’s demographic challenges by providing additional support to large families.
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