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Guaranteed loans to businesses: banks ready for new efforts

Posted on Jan 11, 2021 at 6:46 amUpdated Jan 11, 2021, 2:32 PM

When the exception remains the rule. As the health crisis continues, state guaranteed loans (PGE) put in place last March to support corporate cash flow are pushing back.

Granted over six years, they become repayable after a first year of deferral, borrowers then having to choose between immediate repayment or an spread of up to five years.

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