“This will save certain companies,” underlined the minister.
Bruno Le Maire in Paris, December 20, 2023. (AFP / LUDOVIC MARIN)
Companies that benefited from a state-guaranteed loan during the pandemic will be able to reschedule them until December 31, 2026, the Ministry of the Economy announced on Sunday January 7.
“This will save some businesses.
I have always said that the loan guaranteed by the State was there to support businesses, not to be a burden”, indicated the Minister of the Economy Bruno Le Maire on
France 3
. “So if some companies are still having difficulty repaying, they can continue to reschedule,” he continued.
107 billion euros
These loans, granted according to Bercy to the tune of 107 billion euros to VSEs/SMEs since 2020 to keep companies’ cash flow afloat during the health crisis, have also increased their debt.
If more than 50 billion loans have been fully repaid, some companies are having difficulty repaying their PGE and can call on a restructuring system via Credit Mediation. This device made it possible to
support around 560 companies in 2022 and 2023
by allowing them to spread out the EMP by two to four additional years compared to the initial schedule, with maintenance of the State guarantee, specifies the ministry in a press release.
This system was supposed to end on December 31, 2023.
2024-01-08 10:10:29
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