State aid loans

At Optima bank, our goal is to provide the optimum banking experience and substantial support to businesses.

At Optima bank, we support Greek businesses. We participate in the “Guarantee Fund for Covid-19” which provides guaranteed loans to SMEs and large enterprises that face challenges due to Covid-19, in cooperation with the Hellenic Development Bank.

Program characteristics:

Product:  Working capital with guarantee provided by the “Guarantee Fund for Covid-19” of the Hellenic Development Bank.

Eligible Businesses: SMEs and Large Enterprises, which fulfill the following criteria:

  • They engage in eligible activities;
  • They were not considered “firms in difficulty” as of 31.12.2019;
  • They were current with their obligations as of 31.12.2019 or on contract conclusion date;
  • They have not shown adverse transactional behavior in programs of the Hellenic Development Bank (HDB, former Hellenic Fund for Entrepreneurship & Development) which have expired or are in force (loan termination or debts past 90 days due);
  • The Beneficiary (Company) is not subject to an outstanding recovery order following a previous Commission decision declaring the aid illegal and incompatible with the common market;
  • They are not legal entities of public law or public organizations.

Amount: The working capital amount guaranteed by the “Guarantee Fund for Covid-19”

  • Up to 25% of company’s turnover in 2019; or
  • Up to twice the annual payroll cost of the company in 2019.

The loan amount may be increased, subject to the Bank’s assessment and justification, in order to cover the liquidity needs from the loan date until 18 months for SMEs and self-employed or 12 months for large enterprises.

Refinancing/repayment of current loans/credit lines, the financing of dividend payment or stock purchase programs and the funding for mergers & acquisitions are not allowed.

Additional program characteristics:

  • Hellenic Development Bank Guarantee on the loan amount;
  • Option for additional collaterals on the loan amount.

Duration / Repayment:

  • Duration: up to 5 years
  • Monthly or quarterly amortization payments
  • Option for grace period up to 12 months

Guarantee Fee:

  • The applicable guarantee fee increases along with the loan duration:


1 year 

2 - 3 years

4 - 5 years









  • The loan recipient has the option of fee subsidisation.
  • In case of early repayment, the subsidised fee amount does not change and any paid fees are not refunded.

Application: To receive a loan guaranteed by the “Guarantee Fund for Covid-19”, please gather the required certificates and submit your online application at https://www.ependyseis.gr/mis (State Aid Information System). Select Optima bank as your partner and you will receive a unique registration number, which your relationship manager can use to assist you.