Eligible are Very Small Enterprises, established before the submission of the application to the bank and operating in an eligible Activity Code Number (ACN), regardless of their legal form, which operate legally in Greece, except for foreign companies, holding companies, financial sector companies, public entities, and their subsidiaries, local authorities and their subsidiaries, which meet the following criteria:
- as of 31.12.2019, had a turnover of up to €1.000.000 or have been established up to the time of submitting an application for financing to the bank,
- as of 31.12.2019 are not considered problematic (as referred to in point 18 of Article 2 of Regulation 651/2014). For Micro Enterprises, as in this case, even if they were in difficulty on 31.12.2019, they are eligible under the following cumulative conditions:
- have not been subject to collective insolvency proceedings under national law up to the date of submission of the application for financing to the Bank; and
- have not received rescue aid or if they have received rescue aid, have repaid the loan or terminated the guarantee agreement at the time of submission of the application for funding to the Bank; and
- have not received restructuring aid or, if they have received restructuring aid, are no longer subject to a restructuring plan at the time of the application for funding to the Bank
- are deemed creditworthy under the applicable credit policy and the bank's internal procedures,
- are bankable and have no outstanding debts more than ninety days overdue on the date of application,
- there are no grounds for their exclusion under paragraph 1 of article 40 of Law 4488/2017 (A137/13.09.2017),
- there is no pending order for recovery of previous unlawful and incompatible State aid in an EU or CJEU decision,
- has not received funding guaranteed by the HDB under the Guarantee Fund (Cycle A and B),
- if they have been or have been included in HDB programs that have expired or are currently in force, have not exhibited any unfavorable transactional behavior in the repayment of their debts, such as loan cancellation or related arrears of more than ninety (90) days or in case they have exhibited unfavorable transactional behavior:
(a) in the case of a guarantee scheme, the amount of the guaranteed debt has not been paid by EBA; or
(b) have paid their debt in full before the submission of the application for funding; or
(c) if the debt in question has been established at the competent tax office, they have entered into a regularisation scheme, which continues to be in force on the date of submission of the funding application.
Excluded from participation in the program are enterprises active in the production and trade of arms and ammunition, the manufacture, processing, and marketing of tobacco and tobacco products, genetically modified foodstuffs, and illegal activities under national law.
