The state is extending a business loan scheme until the end of 2023

This support, which takes the form of a loan at a subsidized interest rate, is now available to large companies in addition to small and medium-sized enterprises.





SourceAFP


To help companies get through the consequences of the Covid-19 pandemic and the war in Ukraine, the government announced on Thursday the extension of a loan scheme until the end of 2023. (illustration image)
© Jean-Luc Flémal / MAXPPP / BELPRESS/MAXPPP

I subscribe to €1 the 1st month


VS’is a timely announcement for many companies. Launched in June 2020 to support companies in the face of the Covid-19 pandemic, a business loan scheme has been extended and extended until the end of 2023 by the government, according to a decree published on Thursday 22 December in the Official Journal of the European Union. This assistance, originally intended for small and medium-sized enterprises, is becoming available to large enterprises.

Its extension aims to support companies weakened by the war launched by Russia against Ukraine “and which have not found financing solutions with their banking partner or private financiers”, it is specified in the announcement of the decree.

For the companies concerned, the loan amount is limited to either “15% of the average annual turnover achieved by the beneficiary in the last three financial years” or to “50% of the energy consumption in the 12 months preceding the month of the request for assistance”. The loans are distributed through the public bank Bpifrance This business support scheme had already been extended in December 2021.

ALSO READHow the state promises to come to the company’s rescue


Leave a Comment

%d bloggers like this: