Guarantee fund for loans to movie companies
![Guarantee fund for loans to movie companies](https://www.ekathimerini.com/wp-content/uploads/2021/06/film_set_shutterstock.jpg)
The Hellenic Development Bank has published its invitation to Greek banks for expressions of interest in participating in the first Guarantee Fund for Loans to Audiovisual Productions, with a November 5 deadline.
This is the final step ahead of the activation of the new program by the Digital Governance Ministry, with a total potential loans budget of some 62.5 million euros.
According to the new fund’s regulations, each recipient company will be able to apply for credit of between €25,000 and €900,000 to cover working capital needs and investment plan funding.
The fund will guarantee up to 80% of each loan, while banks will not be allowed to ask for collateral toward loans up to €50,000.