What if the Government Guaranteed Loan (PGE) was a formidable economic stimulus tool?
When it was created in March 2020, at the very start of the pandemic, the public authorities designed it to be a lifeline for companies whose activity had suddenly stopped.
Today, EMPs are a growth accelerator for many mid-sized companies, SMEs and VSEs.
Thanks to this windfall, they can modernize and develop.
While nearly 690,000 companies have subscribed to an EMP, the effect on GDP could be significant.
The 125 billion PGE granted to companies (excluding large groups) represent more than one year of credit in normal times (91 billion euros in 2019).
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At the start of the health crisis, companies in difficulty quickly used this credit to make up for the fall in their activity, or even to survive.
Chez La Brosse & Dupont (160 million euros in turnover), which supplies large-scale distribution with products
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