Wholesale distribution rather than retail. Since state guaranteed loans (PGEs) were made available to businesses on March 25 at bank counters, the pace has been brisk. “To date, requests for guarantees amount to 40 billion euros. Pre-agreements have already been signed for a total amount of 20 billion euros. This concerns 130,000 companies, for an average amount of 140,000 euros, " reveals Nicolas Dufourcq, the managing director of Bpifrance.
The Public Bank is at the forefront of the system: it delivers businesses with less than 1.5 billion euros in turnover the single number, their key to triggering the 90% state guarantee applying to their new bank loans.
"The system is gaining momentum," says Nicolas Dufourcq. "On Thursday alone, 2 billion euros of requests were recorded" . Volumes doubled in one week. Despite the problems encountered here and there by entrepreneurs,
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