For the first time in Greece, small businesses and new entrepreneurs will now be able to take out “micro loans” of up to 25,000 euros from the European Investment Centers.

The announcement was made by TREK Consulting SA, who clarified that the loans will come with a far lower interest rate than the current lowest market rate, a grace period and other benefits. The necessary consultation will also be available in order to encourage financial growth and develop innovation and skills.

So far the company has secured finding from the European Commission and European Investment Bank for about 350 businesses in the Peloponnese and Attica, with the support of the Cooperative Bank of Peloponnesus.