The State Guaranteed Loan (PEG) has been very successful. Designed to help companies get through the health crisis, this tool launched at the end of March was subscribed by 648,000 of them.
Read also: State-guaranteed loans: new businesses can access them
The amounts borrowed are impressive: 118.6 billion euros have been requested and 109.3 billion euros already granted by the banks, according to the French Banking Federation (FBF). "The EMPs enabled companies to avoid immediate cash flow problems and helped preserve production capacities and jobs ," explains Frédéric Oudéa, president of the French Banking Federation (FBF) and managing director of Société Générale. In Europe, it is in France that these loans have been put in place the fastest and most widely. ”
89% of loan requests by VSEsIn recent weeks, requests for EMPs have slowed sharply, reaching 2 to 3 billion euros per week, against 1 billion per day at the height of the health crisis. "We should presumably grant in total
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