i. Businesses legally operating in Greece 
ii. Micro, Small and Medium-sized Enterprises (SMEs), as defined in Annex I of the GBER, with the exception of off-shore companies and their branches, holding companies, financial sector businesses, public bodies and their subsidiaries, Local Authority Organizations (OTA) and their subsidiaries. 

iii. They have been established by the time they submit their financing request to the HDB's KYC platform. 

iv. Prior to the submission date of such request to the State Aid Information System (PSKE), they should have been registered with the Beneficial Ownership Register of Article 20 of Law 4557/2018 (A' 139), as in force, before submission of the financing request, In case of exemption from the registration with the Beneficial Ownership Register of Article 20 of Law 4557/2018 (A' 139), as in force, the beneficiaries shall provide relevant documentation.   

v. They meet the requirements of Chapter I(1) of the GBER and the corresponding conditions applicable to each Sub-Fund [article 22 and article 21(3) and 21(18)]. 
 
vi. They engage in any eligible business activity, depending on the Sub-program, as specified in the table of eligible Business Activity Codes (KAD). 
vii. They are deemed acceptable in terms of credit standing, in line with the Bank’s applicable credit policy and internal procedures.
viii. Τhey have no outstanding social insurance or tax obligations, both at the time of submitting the Expression of Interest form via HDB's KYC, and at the loan disbursement phase. They also have no references indicating insolvency in the records held by TEIRESIAS SA, both at the time of submitting the Expression of Interest form via HDB's KYC, and at the loan disbursement phase. 
ix. They are solvent and any existing outstanding debts are not more than ninety (90) days past due.
x. They are not subject to the exclusion criteria of article 40 of L. 4488/17 (A 137/139/17), as amended. 
           
xi. They have no aid/funding claw-back order pending under a previous decision of the EU Committee or the European Court, by which the said funding has been declared illegal and incompatible.
xii. They have not received rescue or restructuring aid, or they have received rescue aid but have repaid the loan and terminated the guarantee agreement or they have received restructuring aid which has been completed.
xiii. They have not been subject to collective bankruptcy procedure and do not meet the criteria under Law 4738/2020, as applicable from time to time. 
            
xiv. They are not considered Undertakings in Difficulty at the time the aid’s first disbursement is granted. 
 
xv. If they have been included in any HDB (former ETEAN) financing programs that have been completed or are still in effect and have not demonstrated adverse transaction behaviour as regards repayment of their dues (loan termination or debts that are 90+ dpd), or have demonstrated adverse transaction behaviour (loan termination or debts that are 90+ dpd) but have repaid their debts in full before submission of the financing request or, in the case of a guarantee program, the amount of the guarantee has not been paid by the HDB on the execution date of the Final Recipient Loan Agreement or if the said debt has been verified with the competent Tax Office, and such debt has been included in a rescheduling program which continues to be in force on the date the financing request is submitted. 
            
xvi. They have completed the self-assessment process for the ESG Criteria in the HDB's ESG Tracker (https://esgtracker.hdb.gr/en/home/#), and they have submitted to the Bank at the stage of applying for funding, the ESG Tracker Performance Report in PDF format, which reflects the company's performance regarding these criteria. 
xvii. They are not used for the financing of investment projects included in the same or similar business activity that has arisen from or been relocated in the last two years from another EEA country. 


For the Sub-Fund for “General Entrepreneurship”, via the General Block Exemption Regulation state aid framework, besides the aforementioned, at least one of the following conditions shall be met: 
a) Not be operating in any market; 
b) Be operating in any market for any of the following: 
(i) less than 10 years since their registration; or 
(ii) less than 7 years since their first commercial sale. When one of the eligibility periods under items i) and ii) has been applied to a specific enterprise, in any further aid to the same enterprise for financing business risks. For enterprises that have acquired another enterprise or have been established through a merger, the eligibility period implemented includes also the activities of the enterprise acquired or the enterprises merged respectively, with the exception of the acquired or merged businesses whose turnover corresponds to less than 10% of the turnover of the acquiring enterprise in the financial year before the acquisition or, in the event of enterprises established upon merger, less than 10% of the consolidated/ combined turnover of the merged enterprises in the financial year before the merger. With regard to the eligibility period referred to in point (i), if applicable, for eligible undertakings that are not subject to  
registration the five years eligibility period may be considered to start from the moment when the enterprise either  
starts its business activity or is liable to tax for its business activity, whichever date is earlier c) they require an initial investment which, based on a business plan prepared for a new economic activity, is higher than 50% of their average annual turnover in the preceding 5 years. In deviation of the first period, this limit is lowered to 30% as regards the following investments, which shall be considered initial investments in new business activity: i. investments significantly improving the activity's environmental performance in accordance with Article 36(2) of the GBER; ii. other environmentally sustainable investments as defined in point (1) of Article 2 of Regulation (EU) 2020/852; and iii. investments aimed at increasing extraction, separation, refining, treatment or recycling capacity of critical raw material listed in Annex IV of Regulation (EU) 651/2014. 

For the Sub-fund for “Startup Entrepreneurship”, via the General Block Exemption Regulation state aid framework, the businesses shall cumulatively meet the following conditions: 
I. They are small or micro businesses according to the Commission Regulation (EU) 651/2014 of June 2014 declaring certain categories of aid compatible with the internal market in implementation of articles 107 and 108 of the Treaty (ΕΕ L187/1 of 26.6.2014, p. 70), as applicable from time to time.
 II. Eligible undertakings shall be unlisted small enterprises for up to five years following their registration, that cumulatively meet the following conditions:  
a. they have not undertaken the activity of another enterprise, unless the turnover of the undertaken activity corresponds to less than 10% of the eligible enterprise’s turnover in the financial year prior to its acquisition; 
b. they have not yet distributed profits; 
c. they have not acquired another enterprise or been formed through a merger, unless the turnover of the acquired enterprise corresponds to less than 10% of the eligible enterprise’s turnover in the financial year prior to its acquisition or the turnover of the enterprise formed through the merger does not exceed 10% of the total turnover of the merged enterprises in the financial year prior to its merger. 
III. For eligible undertakings that are not subject to registration the five years eligibility period may be considered to start from the moment when the enterprise either starts its business activity or is liable to tax for its business activity, whichever date is earlier. In deviation from the first item of point c), the enterprises formed through the merger of enterprises eligible for aid pursuant to article 22 of GBER, are also considered to be eligible up to five years following the registration of the older of the merged enterprises. 
The enterprises must be established, i.e. have a legal form and TIN or have started operations in the case of a sole proprietorship, at the submission date of the request for financing to the KYC and PSKE platforms.

See here.

The submission of receipts certifying expenses – supporting documents is mandatory. In any case, these documents should verify the eligibility of the financed expenses and their correlation with the business plan.