News April 6, 2020

    COVID-19 Loans to businesses

    We mentioned in our recent news the exceptional State Guaranteed Loan (Prêt Garanti Etat) to support corporate financing, up to €300 billion. This State Guaranteed loan, announced on 16, March, is a unique and temporary economic measure that allow banks to grant cash loans to companies of all sizes.

    As a Guarantor, the State is making sure businesses have access to financial resources to continue their activity and preserve employment.

    Other initiatives, such as the Innovation loan or the regional ‘Atout’ and ‘Rebond’ loans are dedicated to supporting innovative SMEs and meet the urgent cash-flow needs of start-ups in the wake of the COVID-19 outbreak.

    We have detailed the concrete steps you need to follow to apply to these loans.