The “employer associations” most in difficulty to repay their State-guaranteed loan (PGE) will be able, like companies, to benefit from the space agreement signed on Wednesday by Bercy facilitating their repayment, announced the Ministry of the Economy. Thursday. “Olivia Grégoire confirms the opening of the system to all employer associations having taken out this type of loan”, announced the Ministry of Economy and Finance in a press release.
“The market agreement establishes a procedure dedicated to small economic actors in difficulty, including actors of the social and solidarity economy, to redevelop low-cost PGEs, under the aegis of the trusted third party that is Business Credit Mediation,” the ministry explained. The procedure will be “confidential, free and non-judicial” and “will make it possible to maintain the State guarantee on PGEs beyond six years free of charge”.
On Wednesday, the Minister of the Economy Bruno Le Maire announced a space agreement allowing “to use credit mediation to redevelop state-guaranteed loans for small businesses which may experience particularly significant repayment difficulties”, at the outcome of a meeting bringing together in particular the Governor of the Banque de France François Villeroy de Galhau and the President of the French Banking Federation (FBF) Nicolas Théry.
Support “in the exit from the crisis”
This agreement, described as an “additional tool” to support companies “in emerging from the crisis”, should make it possible to respond to the “concern” of VSEs-SMEs and players in the social and solidarity economy (ESS) in the arrival of the deadline in the spring for the reimbursement of their PGE, contracted to deal with the consequences of the Covid crisis, added Mr. Le Maire. The market agreement targets loans of less than 50,000 euros and offers the possibility of requesting a staggered repayment beyond the 6-year period currently provided for. It can also be envisaged to shift the first payment from spring to the end of the year.
As for companies and “employer associations” whose PGE amounts to more than 50,000 euros, they will have the possibility of seizing the departmental crisis resolution council, whose role will be to support the company and offer it the solution. most appropriate, referring her “if necessary” to credit mediation.
