{"id":3673,"date":"2017-07-23T12:51:09","date_gmt":"2017-07-23T09:51:09","guid":{"rendered":"https:\/\/e-inon.gr\/magazine\/?page_id=3673"},"modified":"2017-07-23T12:51:09","modified_gmt":"2017-07-23T09:51:09","slug":"new-projects-for-small-businesses","status":"publish","type":"page","link":"https:\/\/e-inon.gr\/magazine\/new-projects-for-small-businesses\/","title":{"rendered":"New projects for small businesses"},"content":{"rendered":"

10th issue In-On<\/em><\/a><\/p>\n

\u201cThe project \u00abcovering the expenses of insurance and tax liabilities\u201d with the highest loan at 100.000 Euros expires on 31.12.2010, while the project \u201ccovering the expenses of the purchase of raw materials, merchandise and services\u201d with the highest loan at 300.000 Euros expires on 31.12.2011\u201d, underlined the chairman of \u03a4\u0395\u039c\u03a0\u039c\u0395company,\u00a0 Mr. Alexander Papasernos.
\nIt is a special project -he continued- in order to support viable enterprises in the middle of the crisis. It is a project that corresponds to the demand of all productive units, like the Chambers of Commerce and Industry, \u0393\u03a3\u0395\u0392\u0395\u0395 and \u0395\u03a3\u0395\u0395. It simultaneously combines both the support towards enterprises and financial support of the public sector and the insurance companies.
\nEnterprises that available funds inflow has ceased\u2013he mentioned- due to lack of insurance and tax maintenance, can get a low interest loan through \u03a4\u0395\u039c\u03a0\u039c\u0395 and fulfill their responsibilities towards the Public Finance Department or \/and the Insurance Companies up to 100%. Now, they can have again the potentiality to regain their insurance and tax maintenance and therefore smoothly continue their productive and functional activity.
\nIt has to be noted that the companies that employ less than 10 workers can move on and cover both their insurance and tax liabilities.
\nQuestion:<\/strong> When does the project for the fluid capital expire and how many years will the repayment last?
\nAnswer:<\/strong> The project for the fluid capital which by the way has the lowest interest today in the Greek market (3%) regards loans which are 80% guaranteed by the \u03a4\u0395\u039c\u03a0\u039c\u0395, with the highest loan of 125.000 Euros and 3 years time span. The project according to present conditions expires on 31.12.2010.
\nQuestion:<\/strong> Concerning the project that regards insurance, tax liabilities and invoice payment, how many years will the repayment last, the time-period and what documents are required?
\nAnswer:<\/strong> The project \u201ccovering expenses of insurance and tax liabilities\u201d with the highest loan at 100.000 Euros expires on 31.12.2010, while the project \u201ccovering the expenses of the purchase of raw materials, merchandise and services\u201d with the highest loan at 300.000 Euros expires on 31.12.2011. The loans of the two projects have a time span of 6 years with two years benefit, when only interest is paid. In case that a company is assessed by a Bank in order to raise a loan guaranteed by \u03a4\u0395\u039c\u03a0\u039c\u0395 limited company, there are some documents that are required such as \u03953 of the last closed management use, \u03957 that refers to just before the last management use, or a document of equal probative value and an entry in the depts on the day of the appeal in the Public Finance Department or \/and the Insurance Companies.
\nQuestion:<\/strong> What must those who are interested to cooperate with the banks have in mind?
\nAnswer:<\/strong> Those who are interested should be aware that when they are about to sign a loan contract with the Banks if the loan is up to 40.000 Euros they do not have to ensure guarantees or in other words the guarantees are zero. If the loan is higher than 40.000 Euros, then the Bank has the potentiality to require guarantees of any form, but if they are real, they cannot exceed 10% of the loan. Moreover, the spread of the loan should not be higher than 6%.
\nTHE FACTS OF THE PROJECT ARE:
\nThe Budget of the Project
\nThe original Budget of the Project comes to up 700 million \u20ac guarantees, covering loans of a total amount of 875 million \u20ac. Given guarantees are supplied with the help of the existing own capitals of \u03a4\u0395\u039c\u03a0\u039c\u0395 limited company. With a more recent decision, the final Budget of the Project is about to come to the amount of 1 billion \u20ac guarantees, covering loans of a total amount of 1, 25 billion \u20ac.
\nHowever, the Guarantee of \u03a4\u0395\u039c\u03a0\u039c\u0395excludes:
\n\u2212 Public Law Bodies and Institutions, Local Government Organizations of 1st and 2nd degree, Public and State Enterprises, Public Organizations
\n\u2212\u00a0 \u039c\u0395\/\u03a0\u039c\u0395 of the Field of Economics (Banks, Venture Capital companies, \u0395\u039a\u0395\u03a3, Leasing companies, Factoring companies, Insurance companies, \u0391\u0395\u0394\u0391\u039a, \u0391\u0395\u0395\u03a7, \u0395\u039b\u0394\u0395 etc.)
\n\u2212 Legal Entities or People\u2019s Associations or Non-Governmental Companies (associations, groups etc.)
\n\u2212 Freelancers. More specifically, freelancers are those who are under the provision of the article 48, Law.2238\/94 (Income Tax)
\nChosen Loan Forms
\nThe Project refers to the guarantee of new bank loans, of fixed maturity in order to cover the responsibilities of \u039c\u0395\/\u03a0\u039c\u0395 in the Public Finance Department or \/and the Insurance Companies during the date of the appeal to entry into the debts after the approval of the Project.
\nIt has to be noted that signing a loan contract and proceed to loan disbursement is not a prerequisite, within the limitations of the present project, to subject a tax and\/or insurance maintenance according to the existing legal framework (paragraph.2, article.63 Law.2084\/92 \u2013 Greek Official Gazette165 \u0391\u2019 as it was formed in paragraph.2 article.90 Law.3842\/2010 Greek Official Gazette 58 \u0391\u2019 & \u03a0\u039f\u039b 1051\/3.5.10 Greek Official Gazette 675\/18.5.2010\/\u0392 regarding the completion of 1109793\/6134- 11\/0016\/24.11.99 (Greek Official Gazette 2134\/\u0392\/99).
\nThe lowest chosen loan amount to guarantee is 5.000, 00\u20ac. The highest chosen loan amount to guarantee is 100.000, 00\u20ac.The highest loan amount per \u039c\u0395\/\u03a0\u039c\u0395 is determined according to the number of workers in the company.
\nTime Activation for the Loan Contracts
\nLoan contracts are activated, in other words we have a one-off benefit loan disbursement and payment of the amount in a crossed check\u00a0 to\u00a0 the Public Finance Department or \/and the Insurance Companies, no later than a month since the date of the guarantee approval by \u03a4\u0395\u039c\u03a0\u039c\u0395 limited company and final date on 31-12-2010.
\nForm of Payment of the Amount of the Loan directly to the Public Finance Department or \/and the Insurance Companies.
\nPaying the obligations towards the Public Finance Department or \/and the Insurance Companies is realized through the issue of cross checks in favor of the Public Finance Department or \/and the Insurance Companies. \u039c\u0395\/\u03a0\u039c\u0395 should submit to the Bank, within a month\u00a0 since the date of the issue of a cross check, a document of maintenance or relative regulation in order to cover its liabilities not only by the Public Finance Department but also by the Insurance Companies as well, in favor of which there was a loan payment according to the aims of the loan. The Bank should keep it in a loan file.
\nBail-outs processes
\nThe Bank receives demands from the \u039c\u0395\/\u03a0\u039c\u0395 to fund loans in order to cover the responsibilities towards the Public Finance Department or \/and the Insurance Companies.\u00a0 These demands should come along with a Formal Declaration by \u039c\u0395\/\u03a0\u039c\u0395 (Model 2, Annex \u0399\u0399\u0399 of the Guide), legally signed, as well as the necessary documents. The Bank checks and evaluates the demands of the \u039c\u0395\/\u03a0\u039c\u0395 and rates their credit standing at the specific time having the commitment to implement the existing current internal regulations and financing criteria. It also checks if \u039c\u0395\/\u03a0\u039c\u0395 fulfills the requirements of incorporating in the Project and the eligibility of expenses.
\nIn case that the Bank decides that \u039c\u0395\/\u03a0\u039c\u0395 is financially viable and fulfills the requirements of incorporating in the Project, then the\u00a0 electronic form \u00abRequest for the Supply of Guarantees to Fund Enterprises\u00bb (Model 1, Annex \u0399\u0399\u0399 of the Guide) is filled with the facts asked by \u03a4\u0395\u039c\u03a0\u039c\u0395 limited company. The Bank sends the Request for the Supply of Guarantees to Fund Enterprises electronically to the \u03a4\u0395\u039c\u03a0\u039c\u0395 limited company through the Central Services (and not through the branches), in a file in the form of XML.<\/p>\n

CURRICULUM VITAE
\n<\/strong>Alexander Papasernos chairman of the Board of Directors of \u03a4\u0395\u039c\u03a0\u039c\u0395 limited company is a Doctor of Economics, Docteur es Sciences Economiques, of the University of Sorbonne, Paris I. He has years of professional experience in the management and the administration of limited-liability companies, organizations and institutions of the private and public sector, especially in the financial field. Also, he has specialized experience and technical know-how in the establishment and operation of new companies in Greece. In \u03a4\u0395\u039c\u03a0\u039c\u0395 limited company, he was employed as a General Manager since its establishment for five years, from 2004 until 2008.
\nHe was a member, executive or not, in the Board of Directors of Organizations, Institutions and companies in Greece and abroad. More analytically: he was a member of the Board of Directors of the European Association of Mutual Financial Guarantees companies, Vice-president of the Board of Directors of OMEGA \u0391\u0395\u0394\u0391\u039a, Chairman of the Board of Directors of FIST limited company, member of the Board of Directors of the Center of Renewable Energy Sources \/ \u039a\u0391\u03a0\u0395, member of the Board of Directors of the Portfolio Investment company D\u0399\u0391\u03a3 \u0391\u0395\u0395\u03a7.
\nFurthermore, he was the Project Manager and Program Manager of many significant Greek and International works. More specifically we can refer:\u00a0 Project Manager of the Operational Plan of the\u00a0 Paraefxinia Bank for account of the European Committee, Program Manager of the Mediterranean Integrated Program in the Periphery of Attica for account of the European Committee,\u00a0 Project Manager of the work\u00a0 \u00abStrategies, Policies and Risk Management of Guarantee Organizations\u00bb which was funded by the European Committee, Project Manager of the work \u201cGap Analysis of SME financing needs in Greece\u201d within the framework of the Community Initiative entitled Jeremie for account of the European Investment Fund as well as project manager of the work \u201cfinancial infrastructures and\u00a0 small and medium-sized enterprises\u201d for account of \u0393\u03a3\u0395\u0392\u0395\u0395 (May 2009). He has also realized more than 100 operational plans concerning Greek enterprises.
\nAdditionally, he participated and still participates as a speaker in numerous scientific conferences and workshops, educational programs and seminars. Furthermore, he writes articles in daily, weekly newspapers and magazines.<\/p>\n

Back in the\u00a0<\/em>10th edition In-On<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

10th issue In-On \u201cThe project \u00abcovering the expenses of insurance and tax liabilities\u201d with the highest loan at 100.000 Euros expires on 31.12.2010, while the project \u201ccovering the expenses of the purchase of raw materials, merchandise and services\u201d with the highest loan at 300.000 Euros expires on 31.12.2011\u201d, underlined the chairman of \u03a4\u0395\u039c\u03a0\u039c\u0395company,\u00a0 Mr. Alexander […]<\/p>\n","protected":false},"author":1,"featured_media":3573,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-3673","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/e-inon.gr\/magazine\/wp-json\/wp\/v2\/pages\/3673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-inon.gr\/magazine\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/e-inon.gr\/magazine\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/e-inon.gr\/magazine\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-inon.gr\/magazine\/wp-json\/wp\/v2\/comments?post=3673"}],"version-history":[{"count":1,"href":"https:\/\/e-inon.gr\/magazine\/wp-json\/wp\/v2\/pages\/3673\/revisions"}],"predecessor-version":[{"id":3674,"href":"https:\/\/e-inon.gr\/magazine\/wp-json\/wp\/v2\/pages\/3673\/revisions\/3674"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-inon.gr\/magazine\/wp-json\/wp\/v2\/media\/3573"}],"wp:attachment":[{"href":"https:\/\/e-inon.gr\/magazine\/wp-json\/wp\/v2\/media?parent=3673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}