The State is launching a new business support program to strengthen their last balance sheet weakened by the health crisis and allow SMEs which remain viable and dynamic, to continue to invest.
These are two new loans guaranteed by the State (PGE) cumulative with the original PGE, with however a limit for companies which have used the entire PGE ceiling to which they are entitled, i.e. 25% of their turnover. In this case, the eligible amount will be reduced to 10% (instead of 12.5%) for an SME. One of the two new EMPs is the “Relance participatory loan” in which the State acts as guarantor with the bank which finance this loan. This financing, with a maturity of 8 years, has a grace period of 4 years. The State pays up to …
