2023-11-06 18:23:11
DECRYPTION – 67% of heads of very small businesses with a state-guaranteed loan to repay lower their own salaries.
Three years later, what was a breath of fresh air for many businesses has become a burden for the smallest of them. As the Covid epidemic hit the world, France opened the possibility for companies to use state-guaranteed loans (PGE). A credit facility granted to no less than 685,000 beneficiaries, for a total amount of 144 billion.
If, today, the Banque de France does not notice any real repayment difficulties in terms of PGE, with a gross loss which does not exceed 4.4%, the PGE debt is gradually turning into an obstacle to the development of certain companies, especially smaller ones.
“People prefer to save”
“For the moment, I am able to repay my PGE”, says Margaux dos Santos. This trader, who runs a lingerie and haberdashery store in Saint-Rémy-lès-Chevreuse (Yvelines), obtained a guaranteed loan in 2020. Not a huge sum: 7,000 euros, to help feed an overdue cash flow. Today, every…
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