Greece’s Independent Authority for Public Revenue (IAPR) online platform, MyBusinessSupport, opens on Friday for small and medium-sized businesses, in order for them to apply and receive a 1-billion euro “returnable advance” in April, ANA reports.
This is one of the low-interest-rate financing measures featured in the government’s plan to support small and medium-sized enterprises.
The amount concerns small and medium-sized enterprises with a staff of 1 to 500 employees and will be paid through Taxis into the beneficiaries’ bank accounts.
The duration of the loan is for five years, with the first year being a grace period with no obligation to make repayments, while for the remaining four years the repayment will be made in equal monthly installments.
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