thereit’s a timely announcement for many companies. Launched in June 2020 to support businesses in the face of the Covid-19 pandemic, a business loan program has been extended and extended until the end of 2023 by the government, according to a decree published in the Official Journal on Thursday 22 December. Initially intended for small and medium-sized enterprises, this aid, which takes the form of a low-interest loan, also becomes accessible to large companies.
Its extension aims to support societies weakened by Russia’s war against Ukraine “and not having found financing solutions with your banking partner or private lenders”, the notice of the decree specifies.
For the companies concerned, the loan amount is limited to “15% of the average annual turnover achieved by the beneficiary in the last three accounting years” or “50% of the energy expenditure in the 12 months preceding the month of the request for assistance The loans are distributed through the public bank Bpifrance This business aid scheme had already been extended in December 2021.
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