Invitation for Subsidy Interest on Existing Loans of SMEs

April 21, 2020

We would like to inform you that an action has been approved and an invitation has been issued on “Subsidy of Interest on Existing Loans of Small and Medium Businesses Affected by the measurements to deal with the COVID-19 virus pandemic”.

The total amount of this action will be € 750 Million.

Businesses eligible for public funding under this action, are the SMEs, whatever their legal form, legally operating in Greece.

The basic requirements for participation are:

• To be active on 19.3.2020 in eligible activity codes (KAD).
• Commitment that they will employ at 31.12.2020 at least the same number of employees employed on 19.03.2020.
• The relevant loan agreements must have been concluded, and corresponding financing must have been granted, before 01.04.2020.

Start date for electronic submission of applications to the State Aid Management Information System ( has been set at 15.04.2020 at 12:00 and expiration on 30.06.2020 at 17:00.