; 1.5% by 2022 or 2023. For an additional period of three to five years: 2 to 2.5% by 2024 to 2026.
Bruno Le Maire recalled that “these entrepreneurs are not engaged on their individual property in this loan guaranteed by the State”. “Whatever happens, we are not going to go and seize their property as it can be the case in another form of loan”. In the communiqué of the Ministry of the Economy, the Minister delegate in charge of SMEs Alain Griset welcomed the “excellent news” of the rate conditions.
Attention however, if the tenant of Bercy speaks of extension, it is necessary to nuance these words. The maximum term of the state-guaranteed loan is limited to six years, as required by the European Commission. If a company therefore opts for a one – year deferral of its amortization-and begins to repay in 2022 -, the maximum repayment period is therefore four years.
What is an EMP?
The State-guaranteed Loan is a cash loan. It can amount up to three months of turnover . Start-ups, on the other hand, can benefit from a loan of up to two years of payroll. What about the state guarantee ? It reaches 70% of the loan in most cases (90% for small and medium-sized enterprises). “It is possible to apply for multiple loans,” says the website service-public.fr. ” The cumulative amount of these loans must not exceed 25% of the turnover or 2 years of payroll for a company in creation or innovative (start-up).
How do I apply for an EMP ?
The EMP is not a government loan. To get one, you need to turn to your usual banking institution. Be aware that since the decree of May 6, 2020, you can also apply to a lending platform with the status of crowdfunding intermediary. Placed on the market since March 24, 2020, the PGE is marketed until June 30, 2021, unless new decision by Bercy. The steps then depend on the size of your company :
Your company has more than 5,000 employees and has a turnover of at least 1.5 billion euros : as explained earlier, you should approach your banking partners to make your request and obtain a pre-agreement. The request must then be sent by email: garantie. État. grandesentreprises [@] bpifrance.fr. Your company has less than 5,000 employees and has a turnover of less than 1.5 billion euros : get closer to your usual bank. She will study your situation and then give a pre-agreement. At this point, you will then have to connect to the Bpifrance platform, here. You will get an identifier that will be communicated to your bank. What about crowdfunding?
The participatory loan is a device designed to strengthen the equity of companies in difficulty in the context of the health crisis, and not the treasury as the loan guaranteed by the state. It concerns small structures that struggle to land a PGE.
